MANAGED ACCOUNTS

3278. Managed account agreement

Or jump to a Series:

    1. The managed account agreement must: 

      1. describe or refer to the client’s current financial situation, investment knowledge, time horizon, investment objectives and risk tolerance that are applicable to the managed account or accounts,

      2. describe any investment restrictions imposed by the client, where permitted by  the Dealer Member, and
      3. set out the terms of termination in accordance with subsection 3278(2).
    2. The managed account agreement may only be terminated by written notice:
      1. by the client, effective on receipt by the Dealer Member, except for transactions entered prior to receipt of the notice, or
      2. by the Dealer Member, effective not less than 30 days from the date the Dealer Member delivered the notice to the client.

    There is no history log for this rule.

    There is no history log for this rule.