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  • Initial Disclosure Requirement

    • BC-2.6.2

      Investment firm licensees must provide (with respect to regulated investment services), comprehensible information to clients or potential clients on:

      a) Itself and the types of services that it can provide;
      b) Whether it is acting as agent or principal;
      c) Fees, costs and associated charges such as:
      i. The basis or amount of its charges, remuneration and commission for conducting regulated investment services and
      ii. The nature or amount of any other income receivable by it or, to its knowledge, by its associate and attributable to that regulated investment service;
      d) Financial instruments and proposed strategies and appropriate guidance on and warnings of the risks associated with those financial instruments and strategies; and
      e) Information about methods of redress.
      Amended: January 2007

    • BC-2.6.3

      The purpose of BC-2.6.2 is to ensure that clients are reasonably able to understand the nature and risks of the investment service and type of financial instrument that is being offered and, consequently, to take investment decisions on an informed basis. This information may be provided in standard format.