Podcast
Questions and Answers
What is the primary purpose of the securities regulation in Canada?
What is the primary purpose of the securities regulation in Canada?
- To ensure compliance with international regulations
- To facilitate tax evasion
- To protect the interests of both the investing public and industry participants (correct)
- To maximize profits for industry participants
Which regulatory body oversees mutual funds in Canada at a national level?
Which regulatory body oversees mutual funds in Canada at a national level?
- Provincial securities commissions
- Autorité de marchés financiers (AMF)
- Chambre de la sécurité financière (CSF)
- Canadian Securities Administrators (CSA) (correct)
What is the role of the Mutual Fund Dealers Association of Canada (MFDA) in the securities industry?
What is the role of the Mutual Fund Dealers Association of Canada (MFDA) in the securities industry?
- Overseeing pension funds
- Regulating insurance companies
- Monitoring foreign exchange markets
- Regulating mutual fund dealers (correct)
Which organization acts as an investment industry self-regulatory organization in Canada?
Which organization acts as an investment industry self-regulatory organization in Canada?
Which legislative bodies regulate the securities industry in Canada?
Which legislative bodies regulate the securities industry in Canada?
What is the role of the Office of the Superintendent of Financial Institutions Canada (OSFI) in the financial sector?
What is the role of the Office of the Superintendent of Financial Institutions Canada (OSFI) in the financial sector?
What distinguishes dealing representatives in Canada with regards to regulations?
What distinguishes dealing representatives in Canada with regards to regulations?
What are some examples of circumstances that constitute a conflict of interest according to CP 31-103?
What are some examples of circumstances that constitute a conflict of interest according to CP 31-103?
Under CP 31-103, when is a conflict of interest considered material?
Under CP 31-103, when is a conflict of interest considered material?
What is one factor that should be considered when determining whether a conflict is material?
What is one factor that should be considered when determining whether a conflict is material?
What legislation introduced requirements governing conflicts of interest between registrants and clients?
What legislation introduced requirements governing conflicts of interest between registrants and clients?
What is the main purpose of NI 81-101 - Mutual Fund Prospectus Disclosure?
What is the main purpose of NI 81-101 - Mutual Fund Prospectus Disclosure?
What does NI 81-102 - Mutual Funds regulate?
What does NI 81-102 - Mutual Funds regulate?
Which National Instrument sets minimum standards of conduct to be followed when distributing mutual funds?
Which National Instrument sets minimum standards of conduct to be followed when distributing mutual funds?
What documents are prescribed by NI 81-101 for disclosure?
What documents are prescribed by NI 81-101 for disclosure?
Which National Instrument provides harmonized registration rules for firms and individuals with securities commissions?
Which National Instrument provides harmonized registration rules for firms and individuals with securities commissions?
Who needs to follow the standards set by NI 81-105 - Mutual Fund Sales Practices?
Who needs to follow the standards set by NI 81-105 - Mutual Fund Sales Practices?
Which National Instrument focuses on regulating how mutual funds are managed?
Which National Instrument focuses on regulating how mutual funds are managed?
What type of information do Commercial Electronic Messages (CEMs) contain?
What type of information do Commercial Electronic Messages (CEMs) contain?
Under CASL, what is one of the conditions that must be met before organizations send CEMs to consumers?
Under CASL, what is one of the conditions that must be met before organizations send CEMs to consumers?
What is one of the requirements for the content of a CEM under CASL?
What is one of the requirements for the content of a CEM under CASL?
In what situation are organizations permitted to provide consumers with the option to unsubscribe from only certain types of messages?
In what situation are organizations permitted to provide consumers with the option to unsubscribe from only certain types of messages?
What is one way for recipients to identify the sender in a Commercial Electronic Message (CEM)?
What is one way for recipients to identify the sender in a Commercial Electronic Message (CEM)?
Which of the following is NOT a condition that must be met before sending a CEM under CASL?
Which of the following is NOT a condition that must be met before sending a CEM under CASL?
What is one requirement an organization must meet if they provide consumers with the option to unsubscribe from certain types of messages?
What is one requirement an organization must meet if they provide consumers with the option to unsubscribe from certain types of messages?
According to MFDA Rule 2.3.1, a Dealing Representative is prohibited from having authority over client accounts acting as which of the following?
According to MFDA Rule 2.3.1, a Dealing Representative is prohibited from having authority over client accounts acting as which of the following?
Which of the following is NOT permitted under the rules regarding Personal Financial Dealings with Clients and Control over Client Accounts?
Which of the following is NOT permitted under the rules regarding Personal Financial Dealings with Clients and Control over Client Accounts?
If a Dealing Representative has authority over a client's account under a Power of Attorney, what action is required?
If a Dealing Representative has authority over a client's account under a Power of Attorney, what action is required?
What is the stance on borrowing from clients based on the guidelines provided?
What is the stance on borrowing from clients based on the guidelines provided?
Which of the following is an exception that may allow a Dealing Representative to advance funds for redemptions?
Which of the following is an exception that may allow a Dealing Representative to advance funds for redemptions?
What action should be taken if a Dealing Representative purchases an asset from a client outside the normal course of business?
What action should be taken if a Dealing Representative purchases an asset from a client outside the normal course of business?
Under what circumstances may limited exceptions allow advancing funds for redemptions?
Under what circumstances may limited exceptions allow advancing funds for redemptions?
