What is the course syllabus?
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Topics covered in this chapter are:
- Introduction
- Overview of KYC and Suitability
- Interplay Between KYC, KYP, and Suitability
- Regulatory Developments
- Client Focused Reforms (CFRs)
- Summary of Key KYC and Suitability Amendments
- Exemptions from KYC and Suitability Requirements
- Summary
Topics covered in this chapter are:
- Introduction
- General Backgrounder
- Client’s Personal Circumstances
- Client’s Financial Circumstances
- Annual Income
- Liquidity Needs
- Client’s Financial Assets and Net Worth
- Use of Leverage to Finance the Purchase of Securities
- Client’s Investment Needs and Objectives
- Client’s Investment Knowledge
- Client’s Risk Profile
- Risk Capacity
- Emotional Considerations for Determining a Risk Profile (Risk Tolerance)
- Resolving conflicts between a client’s expectations and risk profile
- Client’s Investment Time Horizon
- Client Confirmation and Updating KYC Information
- Tailoring the KYC Process
- Summary
Topics covered in this chapter are:
- Introduction
- Suitability Considerations
- Concentration and Liquidity Considerations
- Impact of Costs
- Reasonable Range of Alternatives
- Client’s Interest First
- Account Type Suitability or Appropriateness
- Other Conditions That Trigger Suitability
- Client- Directed Trades and Receiving Unsolicited Orders
- Ongoing Management of Client Accounts
- Periodic Reviews of Client Accounts
- Client Instructions and Liquidations of Securities
- Unavailable Accounts and Services
- Portfolio Approach to Suitability
- Vulnerable Clients
- Delegation of Suitability Responsibility and Registrable Activities
- Preventing and Dealing with Unsuitable Investments
- Importance of Supplemental Information
- Consequences of Noncompliance
- Disciplinary case
- Summary