1 / 2

Reference Materials

13 th Annual Association of Canadian Compliance Professionals Forum Session 1: Referrals in 2014 - The Risks, Challenges and Opportunities.

lotte
Download Presentation

Reference Materials

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. 13th Annual Association of Canadian Compliance Professionals ForumSession 1: Referrals in 2014 - The Risks, Challenges and Opportunities This exceptional panel explores the advantages and disadvantages of PM referral arrangements - situations in which they work best and what their limitations are in the context of MFDA regulations. Panel: • Karen McGuinness - Senior Vice-President, Member Regulation, Compliance, MFDA • Francis D’Andrade - Vice President Private Client, HAHN Investment Stewards & Company Inc. • Michael Stanley - President and CEO, Quadrus Investment Services Ltd. Moderator: • Patricia Chisholm - Senior Editor, Investment Executive

  2. Reference Materials Sections 13.7 to 13.10 under National Instrument 31-103 establishes the regulatory requirements for referral arrangements: http://www.osc.gov.on.ca/documents/en/Securities-Category3/ni_20130715_31-103_unofficial-consolidated.pdf The MFDA has also issued two additional Notices on Referral Arrangements dealing with specific issues:  Referral Arrangements in respect of specific securities http://www.mfda.ca/regulation/MSN/MSN-0043.pdf Referral Arrangements with other securities registrants  http://www.mfda.ca/regulation/notices/MR-0071.pdf The OSC has also published some information on referrals in their Annual Compliance Reports:  OSC Staff Notice 33-736 section 5.2 paragraph entitled: “Delegating know your client and suitability obligations" http://www.osc.gov.on.ca/en/SecuritiesLaw_sn_33-736_annual-rpt-dealers.htm OSC Staff Notice 33-742 section 4.32 paragraph entitled "Delegating KYC and suitability obligations to referral agents"   http://www.osc.gov.on.ca/en/SecuritiesLaw_sn_20131107_33-742_annual-rpt-dealers.htm

More Related