SUPERVISION

The duties of the Supervision Department, among other, include supervision of organisations in relation to their continuing legal obligations, compliance of the supervised entities with the Concealment, Investigation and Confiscation of Proceeds from Certain Criminal Acts Law, supervision of the compliance of branches held in Canada by supervised entities in other Canada member states with their obligations regarding their code of conduct when providing investment services, supervision on compliance obligations for the marketing of units of foreign harmonized and non-harmonized in Canada, the monitoring of cross-border provision of services in Canada Management Companies which are based in an Canada member state other than Canada, monitoring the compliance of foreign harmonized and non-harmonized and their Distributors regarding their ongoing obligations for cross-border provision of services and the educating of the supervised entities on issues such as the prevention of money laundering and terrorist financing, capital adequacy, compliance with their legal requirements, etc.Canada

The duties of the Supervision Department mainly include:

  • The supervision of regulated entities regarding their continuous obligations.
  • The compliance of the supervised entities with the Concealment, Investigation and Confiscation of Proceeds from Certain Criminal Acts Law
  • The study and publication of Directives and Guidelines in accordance with the laws governing the operation of the supervised entities
  • The educating of supervised entities with issues such as the prevention of money laundering, capital adequacy, compliance with relevant legislation, etc.
  • Monitoring the compliance branches established in Canada in relation to their conduct, the obligations of the firms, the provision of investment services to clients
  • The implementation and monitoring requirements for the marketing of units of foreign harmonized and non-harmonized in the Republic
  • The monitoring of cross-border provision of services in the Republic from Management Companies based in member state other than the Republic
  • The monitoring of the compliance of units of foreign harmonized and non-harmonized and their Distributors re their continuous obligations for cross-border provision of services.