Pointers on CRM2 reporting

By Staff | January 14, 2016 | Last updated on January 14, 2016
1 min read

CRM2’s final requirement for enhanced account statements is only months away. To help dealers ensure they’re compliant, IFIC has released a summary of what regulators are looking for, both in terms of actual requirements and recommended practices.

Read: How to make a CRM2-compliant peanut butter sandwich

CSA jurisdiction only covers securities, so strictly speaking, CRM2’s requirements don’t apply in the case of non-securities investments. However, the regulators are encouraging dealers to apply CRM2 principles to non-securities investments as well.

“The reason for this,” notes IFIC, “is that it will enable investors to better understand the relative costs and performance of each of their investments.”

Read more here.

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Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.