The second version of proposed National Instrument 31-103 Registration Requirements contains no reference to the term "client relationship model", but this initiative remains a key objective of the Canadian securities regulators overall Registration Reform Project. Proposed NI 31-103 would mandate delivery by non-SRO member registrant firms (other than investment fund managers) of specified relationship disclosure information to all clients. The Investment Dealers Association of Canada published in February 2008 its proposals to establish new and amended rules for its members to implement the core principles of the client relationship model. The Mutual Fund Dealers Association of Canada is expected to publish new rules for its members that are consistent with the IDA's proposals shortly.

type Investment Management Advisory - April 2008 - The Client Relationship Model And Relationship Disclosure