Financial Services _Çô Client Services RFC126 Chapter Notes - Chapter 1: Canadian Securities Administrators, Market Risk, Takers

• School: Seneca College
• Department: Financial Services _Çô Client Services
• Course: Financial Services _Çô Client Services RFC126
• Professor: marie

Document Summary

Provincial securities commission: info disclosure, prospectus review and approval, register seller + manage mf, enforce, investigate, discipline. Canadian securities administrators (csa): protect investors, fair and efficient capital markets and reduce market risk. Improve, coordinate, harmonize regulation of capital markets: pursue goals through harmonized securities regulations, policies, practices. Admit members, perform compliance review and enforce the rules: administers ipc investor protection corp: coverage for (cid:272)lie(cid:374)t"s losses (cid:373)o(cid:374)ey due to mfda (cid:271)a(cid:374)krupt(cid:272)ies (1-million-dollar loss in general account, 1-million-dollar loss in retirement account) Ombudsman (obsi): dispute resolution, claim up to ,000, independent from firm. Investment industry regulatory organization of canada iiroc: sro, create favorable investing environment. Principal activities: protect investing public, self regulation, liaison. Office of superintendent of financial institution osfi: supervisor/regulator for insurance companies, federal deposit takers, private pension funds. Proceeds of crime (money laundering) & terrorist financing act (pcmltfa): disguise money from criminal activity anywhere in the world.