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CPH
®
Study Guide
Chapter 1: Canadian Securities Industry
Registrant Code of Ethics and Standards of Conduct
Designed for use with the money-back-guaranteed
Online CPH
®
Practice Exams and Flash Cards
available at
www.SeeWhyLearning.com.
SeeWhy Financial Learning
9
provides protection for personal information and grants legal status to electronic
documents. In 2004, the final stage for this act came into force.
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The act governs the information-gathering processes.
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It dictates how such information can or cannot be used or disclosed.
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It governs all businesses and organizations in Canada that use or disclose personal
information unless the province has enacted legislation that is substantially similar
to PIPEDA.
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It is an offence to destroy personal information that a client has requested or to
harass or terminate any employee who files a complaint to the Privacy
Commission.
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Violating the act can result in fines up to $10,000 for a summary conviction or up
to $100,000 for an indictable offence.
Summary
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Ethical conduct is critical to ensure the integrity and stability of the industry as
well as capital markets.
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Registrants should be familiar with the Registrant Code of Ethics and Standards of
Conduct.
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Ethical behaviour includes not only following the rules but also following the spirit
of those rules.