Finance committee  Some types of customers may be at a higher risk. They can be judged, and there can be guidelines and what not as to what type of customers.... A lot will have to do, for example, with the type of business they're in, the size of the transactions they're doing, or country of origi

Finance committee  The general approach to risk-based regulation is to establish standards and procedures. It's very difficult to define because it tends to be contextual, and five or six different factors can be taken into account, such as the country, the nature of the transaction, and the type o

Finance committee  It can largely be done in regulation, to the extent the bill permits it. My concern is that proposed section 9.6 talks only about adding procedures for high-risk accounts, rather than having leeway to reduce them for low-risk accounts. The regulations thus far have been extremely

Finance committee  Thank you, Mr. Chairman. On behalf of the association, I'd like to thank the committee for the opportunity to comment on Bill C-25. The Investment Dealers Association is the national self-regulatory organization for full-service investment dealers. As part of our function we have