29 Questions
How many hours are recommended for exam preparation?
90 hours
What must personal information collected by organizations be used and disclosed for?
The purpose for which it was collected
What is the format of the final exam?
Multiple choice questions
In which scenario does PIPEDA not apply?
An individual collecting personal information for personal use
What percentage is required to pass the final exam?
60%
Which organizations are subject to provincial privacy legislation instead of PIPEDA?
Organizations operating in Alberta, British Columbia, Québec, and Ontario
Where can the online exercises be found?
Within each unit online
What is a primary function of PIPEDA regarding personal information?
To safeguard the personal information collected by organizations
What should you complete to prepare for the final exam?
Sample Exam found online
What are the criteria for personal information to be considered accessible under PIPEDA?
Accessible for inspection and correction
Who does PIPEDA apply to with regards to personal information sharing?
Businesses sharing personal information across borders
What is the importance of understanding terms and concepts before attempting the online exercises?
Understanding terms and concepts enhances learning
What is the main focus of Lesson 3 in Unit 2 of the course?
Explaining the criteria to be considered when determining material conflicts of interest
Which statement best describes the responsibilities of all registrants in the Canadian capital markets regarding conflicts of interest?
All registrants have a duty to identify and address conflicts of interest.
What is the approximate duration of Lesson 3 on Conflicts of Interest?
1 hour
Why is it important for registrants to identify and manage conflicts of interest?
To adhere to regulatory requirements and ethical standards
In Unit 2, which aspect is emphasized when discussing conflicts of interest?
The responsibility to identify and manage conflicts of interest
What types of conflicts of interest are mentioned in the text?
Current, future, and perceived
Why is it important to understand how conflicts arise according to the text?
To identify and address conflicts of interest
What is a key aspect of taking reasonable steps to identify material conflicts of interest?
Implementing policies and procedures to identify existing conflicts
How is the duty to identify and address conflicts of interest viewed according to the text?
As an ongoing obligation
What would be considered reasonable steps to identify material conflicts of interest as per CP 31-103?
Taking proactive measures to anticipate foreseeable conflicts
Why is compliance with the conflict of interest requirements considered an ongoing obligation?
To assess and address new conflicts as they arise
What are the key characteristics that disclosure about conflicts of interest must have?
Prominent, specific, clear, and meaningful
When should disclosure about conflicts of interest be made to the client?
Before or at the time of the investment recommendation or service
What information must be included in a written disclosure of material conflicts of interest?
The nature and extent of the conflict, potential impact and risk, and how it has/will be addressed
If a material conflict of interest is identified but not disclosed to the client, what is the firm responsible for?
Providing disclosure to the client in a timely manner
Is disclosure alone considered sufficient to address a material conflict of interest?
No, it is not considered sufficient
What is the purpose of disclosure about conflicts of interest?
To supplement other measures and controls taken to address conflicts
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