Firms (Quebec only)

Obligations

Other obligations apply to firms, independent representatives and independent partnerships in Quebec. You must establish a compliance structure and ensure all employees and advisors comply with the applicable rules.

This Registrant Governance and Compliance Guide (under the Distribution Act) is intended for individuals or firms registered with the AMF as independent representatives, independent partnerships or firms (“registrants”). Some parts are intended more specifically for firms that have been delegated certain tasks by an insurer and that act as intermediaries (“general agents”) between the insurer and other registrants.

The guide sets out the AMF’s expectations of registrants and its recommended good governance and compliance practices. The core principles and guidance published by the International Association of Insurance Supervisors (IAIS)1, which the AMF upholds, set out the need for registrants to implement sound governance and compliance practices based on the fair treatment of consumers.

Registrant Governance and Compliance Guide