Business Administration - Financial Planning RFC225 Chapter 18.6: 6 CSC Chapter 18 Mutual Funds
22 Mar 2017
School
Professor
Document Summary
6 csc chapter 18 mutual funds: structure and. Unacceptable sales practice for fund salespeople include: 1. Selling without licenses: not being registered in the appropriate province, 4. Advertising the fact that they are registered: 5. Selling to an individual in another province (country) where salesperson is not registered. Fund managers and distributors face sales restrictions, including: 11: managers may not provide distributors with rewards . Commissions can be changed only through a change in the prospectus. 13: managers may not provide funds for general marketing expenses of the distributor. 14: managers may not subsidize courses designed to enhance selling skills, non-monetary benefits cannot be provided beyond a nominal value for salespeople. Ni 81-102 provides specific guidelines regarding sales guidelines. Financial institutions (fis) serve as fund distributors must also comply with several guidelines of registered dealers. 18: control of registrants, sales are only permitted through branches or departments of registered dealers.
