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  • Remuneration Policy

    • CRA-12.2.10

      Licensees must define and implement remuneration policies and practices under appropriate internal procedures taking into account the interests of all its clients. The remuneration policy must be approved by the Board of Directors of the licensee and be periodically reviewed, at least annually.

      Added: April 2019

    • CRA-12.2.11

      In defining its remuneration policies, a licensee must ensure that:

      (a) Clients are treated fairly and their interests are not impaired by the remuneration practices adopted by the licensee in the short, medium or long term; and
      (b) Remuneration policies and practices do not create a conflict of interest or incentive that may lead relevant persons to favour their own interests or the licensee's interest to the potential detriment of its clients.
      Amended: April 2023
      Added: April 2019