Regulatory Alerts2019-05-15
Notice on the Application of the Regulation Respecting Alternative Distribution Methods
The Autorité des marchés financiers issued this notice to clarify how its Regulation respecting alternative distribution methods applies to firms offering financial products online and insurers distributing insurance through non-representative channels. Effective June 13, 2019, the rules mandate that qualifying entities register as firms, maintain compliant digital spaces with robust monitoring and traceability, and provide clear, accessible information to clients throughout the transaction process. The notice also outlines mandatory disclosures to the Authority, standardized fact sheets and summaries for direct insurance distribution, and strict supervision of distributors to ensure consumer protection and fair remuneration practices.
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