Obligations
The general obligations of a representative are described in the Act respecting the distribution of financial products and services 
This link will open in a new window (the “Distribution Act”) and its regulations as well as the code of ethics relevant to the sector involved.
- Distribution Act and its regulations
- Fees payable to the AMF
- Professional liability insurance
- Professional development units (PDUs)
To better understand some of your obligations:
- Protection of data and personal information
- Assessing client needs
- Representations Guide (pdf - 2 MB)This link will open in a new windowUpdated on May 2, 2022
This plain-language guide sets out the main representation rules and the AMF’s interpretations of them or its expectations regarding their application related to financial sector or sector class governed by the Act respecting the distribution of financial products and services. - Professional Liability Insurance Contract Drafting Guide (pdf - 204 KB)This link will open in a new windowUpdated on April 4, 2017
This guide is intended for insurers, firms and representatives to help them prepare an insurance contract that meets the requirements of the Act respecting the distribution of financial products and services. - Reminder of certain obligations that certified representatives and firms have when offering insurance products in partnership with automobile and recreational and leisure vehicle dealers in Québec (pdf - 131 KB)This link will open in a new windowUpdated on March 18, 2021This document reiterates some of the obligations that representatives and firms have, particularly when offering insurance products in partnership with automobile and recreational and leisure vehicle dealers (the “dealers”). It is not exhaustive. For a complete and comprehensive overview of the obligations of representatives and firms, please refer to the Governance and Compliance Guide for registrants and the Firms and representatives web page. For the related statutory provisions, refer to the Act respecting the distribution of financial products and services and its regulations.
The purpose of this document is to remind representatives, independent representatives, firms, independent partnerships and their partners of certain obligations related to the offering of insurance products by certified representatives in partnership with automobile and recreational and leisure vehicle dealers in Québec.
Firms, independent partnerships or independent representatives are required to have professional liability insurance. They must also establish that every representative acting on their behalf without being an employee has liability insurance that is consistent with the requirements determined by regulation.
Find out more about professional liability insurance
End of the insightElectronic signatures
Electronic signatures are not prohibited under the AMF framework. Registrants must, however, ensure that the insurer’s internal guidelines permit their use. Moreover, the use of electronic signatures must comply with the rules set out in the Civil Code of Québec This link will open in a new window and the Act to establish a legal framework for information technologyThis link will open in a new window