For the second-straight year, regulation sparked the top phrase.
The Canadian Securities Administrators have released a sample Fund Facts document to help investors understand their mutual funds.
Those who think CRM2’s disclosure requirements will lead clients to make more rational choices could be in for a nasty surprise.
CRM is “an effective framework for improved disclosure” and “encourages better advisor interaction with the client to improve the calibre of financial decision-making,” IIAC president and CEO Ian Russell says in his latest industry letter.
IIROC has released a FAQ on CRM.
Be prepared to explain your fees to clients and prospects.
Clients will be getting new information, and framing it effectively could be the difference between retaining and losing them.
IIROC is republishing for further public comment revised proposed amendments to Dealer Member Rule 200 and Form 1 (collectively the IIROC 2015 and 2016 CRM2 Amendments) to address remaining regulatory objectives identified under the Client Relationship Model project.
IIROC has republished for further public comment the amendments in its Client Relationship Model (CRM) initiative, scheduled to take effect over the next two years.
What you need to know to meet the next round of requirements