Client Focused Reforms – Proposed Rule Amendments for Public Comment 

Date opened: November 19, 2020

Date closed: January 18, 2021

Status: Closed

Summary/details:

IIROC is amending its rules in the core areas of account appropriateness, know-your-client (KYC), suitability, conflicts of interest, and relationship disclosure information (RDI) and introducing new rules in the core areas of product due diligence and know-your-product (KYP) (collectively, the Amendments). The Amendments are intended to make our requirements uniform in all material respects with the reforms to enhance the client-registrant relationship (Client Focused Reforms or CFRs) made to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) by the Canadian Securities Administrators (CSA CFRs).

Notices about this consultation: