Representatives are bound to act with honesty and loyalty in their dealings with their clients. They must also act with competence and professionalism.

Only a natural person holding a certificate issued by the AMF may act as or purport to be a representative. To obtain a certificate, the person must comply with the requirements and conditions set out in the Distribution Act and its regulations, including:

• Meet the minimum qualifications
• Pass the examinations prescribed by the AMF
• Successfully complete a probationary period
• Apply for a certificate
• Pay the required fees for the issuance of the certificate

Some of these requirements do not apply to the financial planning sector.

The representative must notify the AMF of any change to the information or a document that he or she has furnished to the AMF within five days of such change.

The representative must also fulfil his or her obligations.

To learn more, consult the Obligations section.