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ARTICLE · 22 DECEMBER 2021

Québec's AMF Releases Draft Incentive Management Guideline For Financial Institutions

Stikeman Elliott LLP
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The Autorité des marchés financiers ("AMF") recently released a draft version of its Incentive Management Guideline ("Draft Guideline"), which applies to Québec-regulated insurers, financial services

CanadaFinance and Banking
Andrew Cunningham
Andrew Cunningham
Stuart Carruthers
Stuart Carruthers
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The Autorité des marchés financiers ("AMF") recently released a draft version of its Incentive Management Guideline ("Draft Guideline"), which applies to Québec-regulated insurers, financial services cooperatives, trust companies, savings companies and other authorized deposit institutions.

The Draft Guideline supplements the AMF's Sound Commercial Practices Guideline, drawing on international best practices and the AMF's own experiences as a regulator. It covers some of the same ground as the CCIR-CISRO working group's ongoing consultation on incentive risk (in which the AMF plays a leading role), which could eventually result in regulatory duplication or inconsistency for the insurance sector in Québec. No other province has released incentives management guidance.

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