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CIRO MFD Rule 200

Establishes minimum industry standards for account supervision to ensure members can properly supervise account activity.

Rule Overview

Jurisdiction: Canada

Regulator: CIRO

Topic: Supervision

Overview
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The minimum account supervision standards do not:

  • relieve members from complying with the requirements of specific rules and regulations; and
  • preclude members from establishing higher standards – which in some cases may be necessary in order to ensure proper supervision.

Supervisory staff has a duty to ensure compliance with policies, procedures and regulatory requirements and this includes a general duty to ensure appropriate action is taken when a concern is identified.

Supervisory staff must also maintain records of the issues identified, action taken and resolution achieved.

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