Revised KYP and product due diligence guidance accompany the rule changes
Advisors must “put the client’s interest first” when making a recommendation
The proposals are out for a 60-day comment period
The SRO is cracking down on dealer agreements with retail investors designed to shield firms from liability
The OSC says there is a lot of room for improvement in its 2019 summary report
Clients were advised to concentrate their holdings in precious metals sector funds
A client’s age has taken on an overly important role when advisors determine suitability of investments for clients
The review conducted by the Central Bank of Ireland comes in advance of proposed new requirements
The paper provides guidance on how regulators have addressed the issue of suitability through their enforcement proceedings against advisors
There is scope to strengthen enforcement activities