rise-to-challenge

When it comes to meeting new CRM2 reporting requirements, you may have more questions than answers. While some dealers are already delivering the new documents, the deadline to do so is July 14, 2017.

Read: 7 myths about CRM2 and More CRM2 myths busted

So it’s no surprise that few attendees of the 2017 Registrant Regulation Conduct & Compliance conference say they’ve received client feedback on the documents. As well, most firms said they don’t plan to change how they deliver the documents for 2017, since they’re still figuring out what works in the first place.

During the event, two experts ran a peer-to-peer workshop where groups of attendees–which included advisors and compliance officers, among others–discussed their experiences with CRM2. Tushar Pai, CCO at Stonegate Private Counsel, and Richard Binnendyk, executive vice-president of Enterprise Wealth Management at Univeris, then identified common CRM2 challenges and best practices.

For more, check out our live tweets below. Also, read these articles:

What CRM2 reports and Fund Facts don’t tell you

OSC launches CRM2 website for investors

Investors to feel ’empowered’ by CRM2, survey indicates

5 ways to use CRM2 for better conversations

CSA project will reveal impact of CRM2, POS amendments

Originally published on Advisor.ca
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