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).
Relevant documents:
Notices about this consultation:
11/19/20
Client Focused Reforms – Proposed Rule Amendments for Public Comment Type: Rules Notice
Subtype: Request for Comments