Under BC Rules s. 54, what must a licensee disclose to a party before providing trading services?
Correct Answer
D) Whether or not the licensee will represent the party as a client
Rules s. 54(1) requires a licensee, before providing trading services to or on behalf of a party, to disclose to the party whether or not the licensee will represent the party as a client. The disclosure must use the form approved by the superintendent.
Why This Is the Correct Answer
The core of s. 54 is telling the party, up front, whether the licensee will represent them as a client.
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