IIAC FORMS VULNERABLE CLIENTS WORKING GROUP
The CSA published for comment proposed amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) and related changes to its companion policy. The proposed regulatory framework aims to address situations of financial exploitation and diminished mental capacity of older and vulnerable investors. The proposed framework implements the use of a trusted contact person and temporary holds on client accounts. Comments are due June 3, 2020.
The IIAC is seeking volunteers to join its Vulnerable Clients Working Group. Please contact Michelle Alexander if you are interested in participating.