The helpline aims to provide immediate answers on basic compliance questions
The AMF will follow up on the results of the review and may require firms to make changes to their “Fund Facts” documents
Emphasis is on CRM2, cybersecurity and conflicts of interest
Pressures to build your business should not lead advisors to disregard compliance
The self-regulatory organization will examine concentrations in high risk investments and suitability for senior investors
Areas of focus include fraud, high-risk firms and brokers, technology governance and cybersecurity, and market regulation
There are various reasons why advisors take risks and get into trouble with regulators; here are some key measures you could take to protect yourself
The Quebec regulator intends to publish a governance and compliance guide for firms in early 2018
The regulator will begin sending out questionnaires to some advisors who are deemed to be higher risk to determine if they need a more in-depth compliance review
An OSC review in 2016 found significant deficiencies with the firm’s compliance systems