Canada Life | eBulletin
In this week’s issue:
- When an advisor’s license expires, they are “out of license” and must not engage in sales activities until a new license is issued.
- Advisors who submit business while out of license will not receive commission on that business.
- You have an obligation under the Act to implement a compliance program to ensure your business has compliant reporting, record keeping and client identification requirements.
- If you had an anti-money laundering compliance program in place before Feb. 1, 2014, youwill need to update your existing program.
- Now updated to March 31, 2014
- Wealth management operations monthly update for June 2014