The CRM will help ensure a consistent standard of conduct in the investing process and enhance respect for advisors and firms
Implementation of the just approved CRM will take several years
Some of the new requirements take effect immediately, while others will be phased in over the next two years
Association helping firms prepare for Client Relationship Model, Fund Facts delivery
Cross-country presentations will focus on four key topics
Both the MFDA and IIROC allow a two-year transition period for firms to get in compliance
Rule changes address relationship disclosure, conflicts of interest, suitability and performance reporting
Deadlines set for firms to meet new requirements
Exemption applies for one year, or until SROs’ CRM rules take effect
Amendments partly represent MFDA’s implementation of the Client Relationship Model