June 27, 2019 Insurance Organization

Québec City – Further to the enactment of An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions, the Autorité des marchés financiers (the “AMF”) wishes to specify representatives’ obligations related to the collection of information and the provision of insurance advice. To that end, the AMF today published the Notice regarding information collection and insurance advice (pdf - 78 KB)This link will open in a new windowUpdated on July 3, 2019"Notice, information collection, insurance advice..

The AMF also seeks by way of this notice to explain how it intends to apply sections 3 through 6 and 27 of the Act respecting the distribution of financial products and services. The notice focuses on acts that are exclusive to representatives, insurance advice and the collection of information. Examples are also provided to illustrate activities that are specific to certified representatives and those that may be performed by persons who are not representatives.

The AMF expects those concerned to use the explanations provided in the notice in order to comply with their obligations.

The Autorité des marchés financiers is the regulatory and oversight body for Québec’s financial sector.

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Information:

Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
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