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Your Guide to Investment Funds – Winter 2017

Understand your investments and secure your future.

(January 30, 2017)

"It's your money. Find out more." – A Toolkit for Dealers and Advisors

The Investment Funds Institute of Canada has created this toolkit to help advisors engage with clients about the new information investors will receive about the performance of their investments and the fees they paid to their dealer under the initiative known as “CRM2”. The materials in this toolkit were created to encourage investors to open their statements and read the new information.

(December 15, 2016)

IFIC Executive Summary — IFIC Response to CSA Consultation Paper 33-404: Proposals to Enhance the Obligations of Advisers, Dealers, and Representatives Toward their Clients
(September 20, 2016)

Preparing CRM2 Reports for Your Clients: A Guide for Dealers

This guide provides details of key requirements for the two new reports required in the final phase of CRM2, along with practical tips on how to ensure your reports achieve regulatory goals while strengthening the investor-advisor relationship.

(June 23, 2016)

Continuing Education Module on CRM2 Requirements

This online course, available free of charge, is offered by IFSE Institute (the educational arm of IFIC) to teach financial advisors about disclosure requirements and advisor obligations under CRM2. The course is designed for investment dealers, mutual fund dealers, exempt market dealers and their representatives.

(May 25, 2016)

CRM2 Spotlight: Considerations for Dealers

This bulletin outlines direction provided by the Canadian Securities Administrators (CSA) and the Mutual Fund Dealers Association (MFDA ) to assist dealers in meeting various requirements of CRM2. It focuses on three areas: the application of CRM2 to investments that are not securities, such as segregated fund contracts, annuities and GICs; transfer payments from affiliates; and referral fees.

(January 8, 2016)

Dealer Checklist: CRM2 – 2015 Requirements (updated November 2015)

Outlines new information that dealers must include on clients’ account statements as of December 31, 2015, and provides insights and practical information to help dealers meet these requirement.

(November 27, 2015)

Professional advice priceless
(June 22, 2015)

Model Report on Investment Performance: CRM2 – 2016 Requirement (April 13, 2015)

The raw template prepared by the regulators has been enhanced with simplified language, and easy-to-follow layouts to improve investor understanding. Dealers can meet the requirements of CRM2 by providing separate reports or by integrating the information into their quarterly account statements once per year. The Model Report on Investment Performance was reviewed by staff at the Mutual Fund Dealers Association and their comments were incorporated. See IFIC’s guide “Preparing CRM2 Reports for Your Clients” for insights on preparing these reports.

(April 10, 2015)

Model Report on Charges and Compensation: CRM2 - 2016 Requirement (June 17, 2016)

The raw template prepared by the regulators has been enhanced with simplified language and easy-to-follow layouts to improve investor understanding. Dealers can meet the requirements of CRM2 by providing separate reports or by integrating the information into their quarterly account statements once per year. The Model Report on Charges and Compensation was reviewed by staff at the Mutual Fund Dealers Association and their comments were incorporated. See IFIC’s guide “Preparing CRM2 Reports for Your Clients” for insights on preparing these reports.

(April 10, 2015)

CSA Consultation Paper 33-403: a legal analysis by Laura Paglia, Torys (November 11, 2013)
(November 11, 2013)

Your plan: the key to successful investing – The Globe and Mail (October 7, 2013)
(October 7, 2013)

Comments on Incorporation of Individual Representatives Project Update - Alberta (M. Manolescu) and Quebec Finance (R. Rheaume) (April 30, 2012)
(April 20, 2012)

CSA Notice RFC31-103 CRM2 (June 15, 2011)
(June 15, 2011)

CSA Proposed Amendments to NI 31-103 CRM2 Appendix A (June 15, 2011)
(June 15, 2011)

CSA Proposed Amendments to NI 31-103 CRM2 Research AllenResearch Appendix B (June 15, 2011)
(June 15, 2011)

KPMG Report on Value Proposition of Financial Advisory Networks
(January 18, 2011)

Australian Securities & Investments Commission Report on Access to financial advice in Australia (December 2010)
(December 10, 2010)

Association Advisor Incorporation Letter to the CSA (April 6, 2009)
(April 6, 2009)