Tag: CFR

Implementing KYP: Client Conversations and Firm Preparedness

Throughout the CFR journey to date, InvestorCOM has met with more than 50 dealers and helped dozens meet their KYP requirements.  We’ve been fortunate to participate in meaningful conversations with wealth leaders to discuss how to implement the principles-based nature of the Client Focused Reforms. Reflecting on the approach firms are taking towards implementing a […]

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Debra Foubert, OSC Discusses the Client Focused Reforms

Over the past twelve months, InvestorCOM has hosted several forums for firms to exchange ideas on how they plan to meet the new KYP and enhanced suitability requirements of the Client Focused Reforms (CFRs). These discussions have provided many of our clients with insights on how to implement the requirements with confidence. Recently, Debra Foubert, […]

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Client Focused Reforms: A Dialogue with Richard Roskies, AUM Law

Over the course of the Client Focused Reforms (CFR) journey, InvestorCOM has hosted a series of virtual forums for wealth management leaders to better understand the nuances of the regulation, openly discuss compliance challenges, and consider viable strategies for meeting the regulations. Anchored by these discussions, on February 2 2021, InvestorCOM hosted leading industry experts, […]

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Client Focused Reforms: the SRO Chapter

Last week, the MFDA and IIROC published their much-awaited versions of the Client Focused Reforms (CFRs) (MFDA’s publication – IIROC’s publication). These versions are aimed to amend the Self Regulatory Organization’s (SRO’s) rules to adhere to provincial regulators’ requirements. The combined efforts of the provincial regulators and the SROs are intended to result in a […]

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Reg BI: a 500% Compliance ROI Model

With the introduction of Reg BI (Regulation Best Interest), wealth firms will be expected to implement the most significant wealth compliance reform in decades.  The Reg BI implementation deadline in the US has recently passed on June 30, 2020.  While most firms have met basic compliance requirements, many have deferred compliance technology decisions as the […]

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