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Foundations

Mutual Fund Rules and Regulations (LCI1116)


Description

Are you preparing for a mutual fund licensing exam? Or just have a burning curiosity about the regulatory landscape of Canada’s mutual fund industry? Then this course is for you!

We’ll explain the regulatory landscape for mutual fund representatives, the licensing requirements for becoming registered, the essential rules for engaging with clients, including permitted and prohibited sales practices, and, we’ll introduce privacy and money laundering legislation, which are not rules specific to the mutual fund industry, but still must be followed.

CE Credits: 1.0 Accreditation Number: LCI010C16 CE Credit Type: Compliance

Content
  • Introduction (1:03)
  • MUTUAL FUND RULES AND REGULATION
  • Mutual Fund Regulations (1:40)
  • Acts, Instruments, Policies and Rules (4:11)
  • Becoming a Registered Mutual Fund Representative (3:25)
  • Permitted and Prohibited Activities BEFORE Registration (1:15)
  • Working in a System of Compliance
  • Working in a System of Compliance (1:26)
  • Transferring or Terminating Registration (2:17)
  • Client Mobility Exemption (0:48)
  • Know Your Client (KYC) 1:30
  • Suitability (1:47)
  • Relationship Disclosure (2:10)
  • Clients and Client Accounts
  • Opening a New Client Account (2:06)
  • Client and Nominee Accounts (1:31)
  • Transferring Client Accounts (2:00)
  • Referral Arrangements (1:46)
  • Prohibited Sales Practices (2:33)
  • Sales Communications (1:41)
  • Handling Complaints (2:00)
  • Additional Industry Regulations
  • The Client Relationship Model 2 (CRM 2) (1:51)
  • Privacy Legislation: PIPEDA (3:24)
  • Money Laundering (5:48)
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever