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New disclosure obligations for registered and prescribed products in Canada
  • Borden Ladner Gervais LLP
  • Canada
  • June 16 2010

Federally Regulated Financial Institutions ("FRFIs") will soon be facing new regulations requiring certain disclosure with respect to registered retirement savings plans ("RRSPs"), registered education savings plans ("RESPs"), tax free savings accounts ("TFSAs"), registered disability savings plans ("RDSPs"), and products such as guaranteed investment certificates ("GICs") and principal protected notes ("PPNs") that are related to registered plans.