3973. Managed account review

Or jump to a Series:

    1. In addition to IIROC requirements relating to account supervision,  the designated Supervisor under clause 3970(1)(i) must review each managed account quarterly to provide reasonable assurance that:

      1. the client’s investment objectives are being pursued, and

      2. the handling of each of the managed accounts complies with IIROC requirements.

    2. If the investment decisions for a managed account are made centrally and apply to a number of managed accounts, the quarterly review may be done at an aggregate level, subject to minor variations to allow for client directed investment restrictions and the timing of client cash flows into the managed account.

    3974. – 3999.  Reserved.

    There is no history log for this rule.

    There is no history log for this rule.