Section 5.2 of National Instrument 31-103 mandates that a responsibility of a Chief Compliance Officer includes the establishment and updating of policies and procedures for the firm’s compliance system. RMS can provide a thorough compliance manual to fulfill specific regulatory requirements of IIROC Members, MFDA Members, Exempt Market Dealersand Portfolio Managers.
RMS will engage a client to determine internal controls a firm should use to ensure compliance with legislation and manage risk. RMS will ensure that important issues are addressed such as: supervision, correspondence, account opening procedures, Code of Ethics, Anti-Money Laundering Procedures and more.
Clients who retain RMS to draft their manual can also opt to have RMS perform oversight of the manual. This service includes updating the manual to ensure it is up to date with the introduction or amendments to regulatory rules and regulations.
