Options For Your Institutional Team To Use Corporate Titles

A hotly debated issue during the roll-out of the Client Focused Reforms (CFR) was the new ban on the use of corporate titles by individuals at registered firms who are not formally corporate officers of their firms. Corporate titles include “Vice-President”, “Director” and “Managing Director” (and variations of those titles). The Canadian Securities Administrators (CSA) received submissions from industry that such a ban would place Canadian firms at a disadvantage when competing for institutional clients with non-Canadian firms that do not have an equivalent ban. The CSA also heard that the concern with such titles deceiving or misleading clients is unlikely to arise in the institutional client space.