Pointers on CRM2 reporting

To help dealers ensure they’re compliant, IFIC has released a summary of what regulators are looking for, both in terms of actual requirements and recommended practices.

By: Staff
January 14, 2016 August 21, 2018
11:06

CRM2’s final requirement for enhanced account statements is only months away. To help dealers ensure they’re compliant, IFIC has released a summary of what regulators are looking for, both in terms of actual requirements and recommended practices.

Read: How to make a CRM2-compliant peanut butter sandwich

CSA jurisdiction only covers securities, so strictly speaking, CRM2’s requirements don’t apply in the case of non-securities investments. However, the regulators are encouraging dealers to apply CRM2 principles to non-securities investments as well.

“The reason for this,” notes IFIC, “is that it will enable investors to better understand the relative costs and performance of each of their investments.”

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