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The Voice of Canada’s Investment Funds Industry

Client Focused Reforms

The Canadian Securities Regulators introduced amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (Rule) in 2019, following extensive public consultation. The Rule and its Companion Policy are known as the Client Focused Reforms (CFR). The CFRs are based on the concept that the client’s interests come first in a client-registrant relationship.

Industry implementation of the CFRs was completed on December 31, 2021.



Documents

2018
IFIC Submission - CSA - Client Focused Reforms (October 19, 2018)

IFIC Submission - CSA - Title Reform Proposal (September 14, 2018)

2016
IFIC Submission — CSA — CSA Consultation Paper 33-404 — Proposals to Enhance the Obligations of Advisers, Dealers, and Representatives toward Their Clients (September 20, 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

2013
CFIQ Submission to CSA - Consultation Paper 33-403 (February 22, 2013) English Translation of French Submission

IFIC Submission to CSA - Consultation Paper 33-403 (February 22, 2013)