Please enable JavaScript.
Coggle requires JavaScript to display documents.
CH8 Scholarship Plan Dealers (question (8 securities regulators (Establish…
CH8 Scholarship Plan Dealers
question
1 Local and regional supervisors, a branch managers or agency directors
provide day to day supervision of sales representatives and other dealer personnel in a region or branch office.
Review and approval of new enrolments
2 Local and regional Supervisors recruit new sales representatives, but it is
only
the Scholarship Plan Dealer’s Head Office that needs to ensure that the sales representative has the education, training, experience and integrity required.
false
3 The Chief Compliance Officer reports to
The UDP and the Board of Directors
4 Scholarship Plan Dealers and dealing representatives
Both dealers and dealing representatives have to be registered to sell Scholarship Plan units, and they must be registered in each jurisdiction in which they do business.
5 Head Office Compliance
The designated Compliance Officer and support staff who are responsible for ensuring the dealer and its personnel comply with the law and internal standards of conduct
6 Scholarship Plan Dealer may appoint which of the following officers as their Ultimate Designated Person (UDP)
Chief Executive Officer or equivalent
7 supervisory structure
Ultimate Designated Person, Chief Compliance Officer, Head Office Compliance Department, Regional Compliance Officers and local and regional supervisors
8 securities regulators
Establish and
apply policies and procedures to ensure compliance
with the law and to manage the risks of the business.
Ensure dealing representatives are qualified and properly registered
.
Create and maintain detailed
records of all business activities
.
Securities law
applies to both
registered dealers
and
registered dealing representatives.
National Instrument 31-103
9) Every registered Scholarship Plan Dealer must:
Appoint a Chief Compliance Officer (CCO) to establish and maintain compliance polices and to report on the dealer’s compliance efforts.