Financial Services _Çô Client Services RFC126 Lecture Notes - Lecture 1: Politically Exposed Person, 18 Months, Personal Information Protection And Electronic Documents Act
1 Nov 2016
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Document Summary
Selling document: everything you need to know about the security. Review and approval before a security can be sold. Register whose who 1) sell & 2) manage mf. Canadian securities administrators (csa: 3 goals. Reduce market risks: pursues these goals through. Harmonized = integrative: an association of all the provinces and territories in canada. By provincial regulators: administers ipc (investor protection corp. ) Accounts held by mfda members in nominee name. Protects clients from losses due to mfda member bankruptcies. Coverage provided: 1 million dollar loss in a general account registered regular, 1 million dollar loss in a retirement account, ex. Obsi dispute resolution between participating banks & investment firms & their clients: csf in quebec self regulatory organization for dealers not under iiroc, ombudsman for banking services and investments. Ombudsman = an official appointed to investigate individuals" complaints against maladministration, especially that of public authorities. All dealers and advisors must be obsi members. Deal with claims up to $ 350,000.
