“Best Kept Secret about KYC” By Ellen Bessner BABIN BESSNER SPRY LLP

How important is the client’s investment knowledge/sophistication when determining suitability? Very important – Ellen explains that this criterion can impact both a judge’s and regulator’s decision on suitability because they are seeking to determine whether the investment risk was accepted by the client. Ellen also provides guidance as to how an advisor can protect themselves in their assessment and evidence thereof.

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2022 MFDA Compliance Credit – Available until: December 1, 2023

CE Credits: 1 MFDA Compliance Credit
Language: English and French.

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“Big Fat Questions to Get Clients Talking” By Ellen Bessner BABIN BESSNER SPRY LLP

While we understand that regulators require advisors to collect sufficient detail about each client to enable them to exercise their professional judgment to meet their suitability obligations, how is this achieved without infringing on client’s privacy? Ellen provides guidance as to how an advisor can balance their KYC collection obligations with clients’ desire for, and right to privacy.

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Learn about who can be your Trusted Contact Person and why having one can provide an extra layer of protection for your financial accounts. Naming a Trusted Contact Person can be particularly helpful for seniors and vulnerable investors.

A compilation of the most commonly used national and multilateral instruments and policies affecting registered financial services firms and individuals. Updated to include amendments to National Instruments 31-103 and 33-109 and their Companion Policies that came into force in 2022.

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“Getting out of Dodge is not the Answer” By Ellen Bessner and Aaron Gold BABIN BESSNER SPRY LLP

When faced with an investigation or hearing an advisor’s first instinct may be to leave the industry or be uncooperative when in fact these actions usually result in more severe penalties. Ellen and Aaron use real-life examples to paint a cautionary tale.

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“Sanctions Ordered by SROs Facing Increased Scrutiny from Regulators” By Aaron Gold and Ellen Bessner BABIN BESSNER SPRY LLP

Aaron and Ellen outline real-life examples that suggest that provincial securities regulators may be increasing their willingness to interfere with and replace sanctions imposed by Self-Regulatory Organizations (SROs). It is in their power to do so, however, traditionally has been reserved for exceptional cases.

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“Serving Fewer Clients Can Lead to a Big Payoff” By Ellen Bessner BABIN BESSNER SPRY LLP

Feeling overwhelmed with advisor obligations? Many advisors are. Ellen suggests that one of the ways for advisors to protect their licence, is by reducing the number of clients in their book of business and instead focus on their target market to grow the assets of those clients. In other words, do a better job with fewer, larger clients.

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The ACCP recently made a donation to the Canadian Red Cross in support of humanitarian efforts for needy and displaced families and individuals as result of the ongoing conflict and tensions in the Ukraine. As an organization, with members across Canada, the ACCP is deeply concerned about the human impacts this crisis is having on those located in the Ukraine and neighbouring countries as well as our ACCP members and their loved ones. We would like to offer our sincere support to all those affected.

“6-Part CFR Series: Preparing For The Client-Focused Reforms” – Susan Silma

Don’t miss out! Susan’s 6-part CFR series tackles multiple areas of client focused reforms, from KYP to KYC, working with vulnerable clients, evidencing compliance and how the new regulations can help advisors build stronger relationships with clients.

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