Podcast
Questions and Answers
What is the focus of Lesson 2 in Unit 3?
What is the focus of Lesson 2 in Unit 3?
- Know Your Client (KYC) (correct)
- Building Blocks of Mutual Funds
- Compliance Issues
- Equities
Which of the following is covered in Lesson 4 of Unit 3?
Which of the following is covered in Lesson 4 of Unit 3?
- Suitability (correct)
- Fixed Income Securities
- Canada's Financial System
- Dealing with Older and Vulnerable Clients
What is the main focus of Lesson 3 in Unit 5?
What is the main focus of Lesson 3 in Unit 5?
- Fixed Income Securities
- Derivatives
- Introduction to Mutual Funds
- Bonds (correct)
In which lesson of Unit 1 would you expect to learn about Legislation and Regulations?
In which lesson of Unit 1 would you expect to learn about Legislation and Regulations?
What does Unit 4 primarily focus on?
What does Unit 4 primarily focus on?
Which topic would you expect to find in Lesson 5 of Unit 6?
Which topic would you expect to find in Lesson 5 of Unit 6?
What is the role of Securities Regulators?
What is the role of Securities Regulators?
Which organizations are responsible for regulating the operations and business conduct of mutual fund dealers?
Which organizations are responsible for regulating the operations and business conduct of mutual fund dealers?
What is the role of the Mutual Fund Dealers Association of Canada (MFDA)?
What is the role of the Mutual Fund Dealers Association of Canada (MFDA)?
What is the mandate of the Canadian Securities Administrators (CSA)?
What is the mandate of the Canadian Securities Administrators (CSA)?
What does the Ombudsman for Banking Services and Investments (OBSI) provide?
What does the Ombudsman for Banking Services and Investments (OBSI) provide?
Which body is responsible for enforcing regulations and continuing education requirements for mutual fund dealers in Quebec?
Which body is responsible for enforcing regulations and continuing education requirements for mutual fund dealers in Quebec?
What differs in the regulatory requirements for registered firms who are regulated by self-regulatory organizations (SROs) compared to those regulated by provincial and territorial securities regulators?
What differs in the regulatory requirements for registered firms who are regulated by self-regulatory organizations (SROs) compared to those regulated by provincial and territorial securities regulators?
What is the role of the Ombudsman for Banking Services and Investments (OBSI)?
What is the role of the Ombudsman for Banking Services and Investments (OBSI)?
What is the mandate of Canadian Securities Administrators (CSA)?
What is the mandate of Canadian Securities Administrators (CSA)?
What is the responsibility of Autorité de marchés financiers (AMF) in Quebec?
What is the responsibility of Autorité de marchés financiers (AMF) in Quebec?
What are the responsibilities of Mutual Fund Dealers Association of Canada (MFDA)?
What are the responsibilities of Mutual Fund Dealers Association of Canada (MFDA)?
What is the primary goal of Canadian Securities Administrators (CSA)?
What is the primary goal of Canadian Securities Administrators (CSA)?
What is the main purpose of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)?
What is the main purpose of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)?
What is the primary mission of Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)?
What is the primary mission of Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)?
What does money laundering involve under Canadian law?
What does money laundering involve under Canadian law?
What are the revised requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing legislation, regulations, and FINTRAC Guidelines?
What are the revised requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing legislation, regulations, and FINTRAC Guidelines?
As a Dealing Representative, what is one of your key responsibilities under the PCMLTFA?
As a Dealing Representative, what is one of your key responsibilities under the PCMLTFA?
What type of records must be kept by securities dealers, portfolio managers, and investment counsellors under the PCMLTFA?
What type of records must be kept by securities dealers, portfolio managers, and investment counsellors under the PCMLTFA?
When are you required to confirm your client's identity as a Dealing Representative?
When are you required to confirm your client's identity as a Dealing Representative?
Which documents can be used to confirm an individual's identity according to PCMLTFA requirements?
Which documents can be used to confirm an individual's identity according to PCMLTFA requirements?
What is one of the two primary sources of financing for terrorist activities mentioned in the text?
What is one of the two primary sources of financing for terrorist activities mentioned in the text?
What does terrorist financing involve?
What does terrorist financing involve?
What is NOT one of your key areas of responsibility as a Dealing Representative under the PCMLTFA?
What is NOT one of your key areas of responsibility as a Dealing Representative under the PCMLTFA?
Which entity publishes guidelines for when to file reports to FINTRAC?
Which entity publishes guidelines for when to file reports to FINTRAC?
Which organization regulates the mutual funds industry at the national level in Canada?
Which organization regulates the mutual funds industry at the national level in Canada?
What is the role of the Ombudsman for Banking Services and Investments (OBSI) in Canada?
What is the role of the Ombudsman for Banking Services and Investments (OBSI) in Canada?
Which regulatory body administers the securities acts in each province and territory in Canada?
Which regulatory body administers the securities acts in each province and territory in Canada?
What is the mandate of the Securities Regulators in Canada?
What is the mandate of the Securities Regulators in Canada?
Which organization is responsible for protecting the interests of both the investing public and industry participants in Canada?
Which organization is responsible for protecting the interests of both the investing public and industry participants in Canada?
What is the primary role of the Investment Industry Regulatory Organization of Canada (IIROC) in Canada?
What is the primary role of the Investment Industry Regulatory Organization of Canada (IIROC) in Canada?
What does the term 'CSF' refer to in the context of Canadian financial regulation?
What does the term 'CSF' refer to in the context of Canadian financial regulation?
Which organization is responsible for regulating insurance companies, federally regulated deposit-taking institutions, and federally regulated private pension plans in Canada?
Which organization is responsible for regulating insurance companies, federally regulated deposit-taking institutions, and federally regulated private pension plans in Canada?
What is the main objective of the Investment Industry Regulatory Organization of Canada (IIROC)?
What is the main objective of the Investment Industry Regulatory Organization of Canada (IIROC)?
Which instrument ensures that mutual funds disclose the information that investors should consider when deciding whether to invest, or remain invested, in a fund?
Which instrument ensures that mutual funds disclose the information that investors should consider when deciding whether to invest, or remain invested, in a fund?
Who is the recognized Self-Regulatory Organization (SRO) for investment dealers in Quebec?
Who is the recognized Self-Regulatory Organization (SRO) for investment dealers in Quebec?
What is the mission of Chambre de la sécurité financière (CSF)?
What is the mission of Chambre de la sécurité financière (CSF)?
Which organization is empowered by the Autorité des marchés financiers (AMF) in Quebec to admit members, investigate complaints, and enforce rules through a disciplinary process?
Which organization is empowered by the Autorité des marchés financiers (AMF) in Quebec to admit members, investigate complaints, and enforce rules through a disciplinary process?
Which organization ensures that mutual funds are sold on the basis of what is suitable for, and in the best interests of, investors?
Which organization ensures that mutual funds are sold on the basis of what is suitable for, and in the best interests of, investors?
Which instrument provides the harmonized registration rules for the registration of firms and individuals with the provincial or territorial securities commissions?
Which instrument provides the harmonized registration rules for the registration of firms and individuals with the provincial or territorial securities commissions?
What type of regulations affect how Dealing Representatives interact with customers, the type of information they collect, and certain reporting responsibilities?
What type of regulations affect how Dealing Representatives interact with customers, the type of information they collect, and certain reporting responsibilities?
