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  • Operational Independence

    • CRA-12.2.8

      Licensees must take all appropriate steps to identify, and to prevent or manage conflicts of interest between the licensee, including their managers, employees, or any person directly or indirectly linked to them by control and their clients or between the interests of one client and another, including those caused by the receipt of inducements from third parties or by a licensee’s own remuneration and other incentive structures.

      Amended: April 2023
      Added: April 2019

    • CRA-12.2.9

      The Board of Directors of a licensee must define, oversee and be accountable for the implementation of governance arrangements that ensure effective and prudent management of the licensee including the segregation of duties within that licensee and the prevention of conflicts of interest, and in a manner that promotes the integrity of the market and the interest of clients.

      Added: April 2019