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Client Focused Reforms: Guide to Addressing Firm-Level Shelf Monitoring Requirements

Client Focused Reforms (CFRs) are set to come into effect in Canada on December 31, 2021. One element of the new regulation stipulates the monitoring of firm-approved securities at both the firm level and at the registrant level. As the regulation is nonprescriptive in nature, this guide looks at Morningstar's approach to helping wealth managers address CFRs 'Know Your Product' requirements.

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What's Inside

  • Is a material change the same as a significant change?
  • Morningstar's assessment framework for mutual funds and ETFs
  • Using a scorecard to address conflicts of interest and monitoring for significant changes

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