From the Regulators

The Quebec regulator intends to publish a governance and compliance guide for firms in early 2018

By James Langton |

 

The Autorité des marchés financiers (AMF) will collect additional data on registrants' practices and relationships with different industry stakeholders in an effort to improve industry compliance, the Quebec securities regulator has announced.

Specifically, the AMF will ask for further information about firms' and individuals' business relationships as part of the ongoing registration process. This includes information on referral arrangements and commission sharing agreements, along with information on complaints and disciplinary actions.

The goal is to "better support the industry," the AMF says in its announcement. "Better support involves a greater understanding of the reality and needs of firms, independent partnerships and independent representatives," the regulator adds.

Additionally, the AMF intends to publish a governance and compliance guide for firms in early 2018 that explains "the regulatory framework" for firms and sets out recommended best practices.

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