We would like to inform you that Administrative Procedure # 59 – Exchange Traded Funds (ETF) has recently been updated to provide additional clarification regarding the eligibility criteria for Representatives and Assistants. As such, Representatives wishing to integrate ETFs into their practice are  invited to read this amended version before sending their application to the Registration Department.

We are pleased to invite you to our next Water Cooler session, which will be held on Thursday, March 21, 2024.

Please be advised that annual licences for all Mutual Fund Representatives, as well as licenses for Representatives registered in the categories listed below were automatically renewed via the National Registration Database (“NRD”) on December 31, 2023:

As part of our efforts to ensure compliance with our anti-money laundering obligations, we find that we do not always have the source of funds on file for deposits or bank transfers received from clients, in amounts of $50,000 or more, whether for non-registered or TFSA plans. It is important to remember that the source of funds must be documented in the dealer’s records upon receipt of the sums.

We would like to remind you that the Business Tracker tool is a great way for you to follow up on your various requests sent to Investia during RRSP season, without having to contact Client Services for updates.

5 Email Best Practices
Below is the cyber routine to adopt at any time when receiving an email:

As a follow-up to the December 14, 2023 communication which highlights the recent amendments made to pre-authorized debit agreements (PADs) under CPA Rule H1 (read memo here), we thought it would be helpful to provide clarification in response to some questions recently received from advisors.