GUIDELINE ON APPROPRIATE PRODUCTS AND SERVICES FOR BANKS AND AUTHORIZED FOREIGN BANKS
The Financial Consumer Agency of Canada (FCAC) has issued its final Guideline on Appropriate Products and Services for Banks and Authorized Foreign Banks. It seems to echo much of the requirements of securities’ registrants in areas such as remuneration, incentive, and benefit practices, KYP and suitability. The effective date is June 30, 2022.