IIROC Publishes For Comment Proposed Client Focused Reform Amendments - Corporate/Commercial Law
The Investment Industry Regulatory Organization of Canada ( IIROC) has published for comment proposed amendments 1 to its rules in order to make IIROC requirements consistent with the Client Focused Reforms ( CFRs) adopted by the Canadian Securities Administrators ( CSA) by way of amendment to NI 31-103. The CSA CFRs focus on addressing material conflicts of interest in the best interest of the client, putting the client's interests first when making a suitability determination, and providing clarity for clients about what they should expect from their investment advisors. Our previous blog p...
Source: mondaq.com