Chartered Investment Manager (CIM) Practice Exam · Question
A newly registered investment advisor in Ontario is preparing to onboard their first client, a high-net-worth individual with complex financial needs. Which provincial regulation primarily governs the advisor's conduct and registration requirements in Ontario?
The Securities Act (Ontario) is the primary provincial legislation that governs securities markets in Ontario, including the registration and conduct of investm
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Question: A newly registered investment advisor in Ontario is preparing to onboard their first client, a high-net-worth individual with complex financial needs. Which provincial regulation primarily governs the advisor's conduct and registration requirements in Ontario?
Answer options: ✅ The Securities Act (Ontario)
- The Ontario Business Corporations Act
- The Financial Services Commission of Ontario Act
- The Investment Industry Regulatory Organization of Canada (IIROC) Rules
Correct answer: The Securities Act (Ontario)
Explanation: The Securities Act (Ontario) is the primary provincial legislation that governs securities markets in Ontario, including the registration and conduct of investment advisors and firms operating within the province.
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