CSA Raises Awareness of New Reporting Requirements for Advisors

As part of Investor Education Month, the Canadian Securities Administrators (CSA) is promoting four videos about recent changes to the ways registered investment advisors must report to clients the costs, performance, and value of their investments.

The changes to reporting requirements are part of the Client Relationship Model 2 (CRM2) initiative. Under CRM2, investment advisors must provide clients with:

  • enhanced relationship disclosure information
  • pre-trade disclosure of adviser fees and other charges
  • expanded account statements
  • annual reports on investment performance
  • annual reports on charges and compensation

Each video provides a brief overview of a new change and includes tips for investors to consider when speaking with an advisor. These range from knowing the fees you pay to buy or sell an investment to what to expect from an advisor.

The CSA is the council of Canadian provincial and territorial securities regulators. For more information, visit securities-administrators.ca.

[embedyt] https://www.youtube.com/embed?listType=playlist&list=PLnEnJ3ddNx0aFqpRbbD_QshkdOIyVHBdH[/embedyt]

View the videos on YouTube

If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using BCSC’s online complaint form.

InvestRight.org is the British Columbia Securities Commission’s investor education website.

Suggested Reading

BCSC Investment Caution List: Nine New Entries

World Elder Abuse Awareness Day 2018

In your community – June 2012

More Resources

Madoff on Madoff: Wealthy clients and affinity networks used to the feed scheme

This is the final instalment in a five-part series on the exclusive Financial Times interview From Behind Bars, Madoff spins his story – the second interview Bernie Madoff has given since he was sent to jail for life for fraud charges in 2009. From the interview, we learned that he followed the classic route by […]

Investor Alert: BCSC issues warning about Profitable Sunrise

The British Columbia Securities Commission is warning the public not to send money to Profitable Sunrise, an entity that purports to be incorporated and registered in the United Kingdom, and claims to provide short-term bridge loans to companies in the United States. According to its website, Profitable Sunrise offers five different investment plans, with a […]