People connected by lines
Insights Header image
Insights Header image

Client Focused Reforms (CFRs) – Phase II: What You Need to Know for Implementation

Events < 1 read

View the recording and the presentation materials on our archive library: http://mcmillan.lawcast.tv/

The December 31, 2021 deadline for registered firms and their representatives to comply with the second phase of the Client Focused Reforms (CFRs) is fast approaching.

Phase II of the CFRs implements all other changes with respect to the CFR amendments to National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations, aside from the conflicts of interest requirements, which took effect earlier this year. These amendments may require updates to a wide range of processes, procedures, and obligations, including with respect to:

  • misleading communications, including titles
  • know your product (KYP), know your client (KYC), and suitability obligations
  • relationship disclosure information (RDI) and on-boarding processes and procedures
  • training and recordkeeping obligations
  • internal controls and systems

Registrants who have not yet started assessing the impact of these new requirements should start the process now and attend this webinar to gather additional information.

Join McMillan on Wednesday, November 17, 2021 for a discussion on practical questions and issues related to the new requirements and how they may impact your organization.

Topics include:

  • Overview of the Phase II requirements
  • Key issues and practical tips to assist with compliance
  • Other changes to consider implementing concurrent with the CFR amendments
  • FAQ’s

This program is eligible for up to 1 Substantive CPD Hour in Ontario, 1 CPD Hour in BC and 1 CLE Hour in Québec.

Date and Time

Wednesday, November 17, 2021
1:00 pm – 2:00 pm ET

Speakers

Jennie Baek
Partner, Investment Funds and Asset Management

Jason Chertin
Partner, Investment Funds and Asset Management

For more information, please email us at [email protected].

Insights (5 Posts)View More

Featured Insight

Unpacking Ontario’s Proposed Strengthening Cyber Security and Building Trust in the Public Sector Act, 2024

Unpacking Ontario's Bill 194: Strengthening Cyber Security and Building Trust in the Public Sector Act, 2024. Key changes & compliance strategies detailed.

Read More
May 17, 2024
Featured Insight

Navigating International Student Worker Restrictions: Post-Expiry Guidelines for Employers

On April 30, 2024, Canada’s temporary waiver allowing international students to exceed 20 hours of work per week expired.

Read More
May 14, 2024
Featured Insight

Understanding the Consumer-Driven Banking Framework: Key Insights from the Budget Implementation Act, 2024, No.1

On April 30, the federal government introduced the Budget Implementation Act, 2024, No. 1, which provides the legislative framework for open banking in Canada.

Read More
May 13, 2024
Featured Insight

Legal Risk Assessments – An Essential Risk Management Tool

The best way to address the legal issues that arise in any business is to focus on their identification and resolution before they become legal problems.

Read More
May 9, 2024
Featured Insight

Jury’s Out: Bench Trials Are In

Ontario courts are leaning towards the elimination of civil jury trials, as evidenced in recent decisions out of the Ontario Superior Court of Justice.

Read More
May 8, 2024