Government of Canada / Gouvernement du Canada
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Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Version of section 29 from 2021-06-01 to 2024-05-01:

 A securities dealer shall keep the following records in respect of every account that they open:

  • (a) every signature card;

  • (b) a record for each account holder and every other person — up to three, in the case of a business account — who is authorized to give instructions in respect of the account, containing their name and address, the nature of their principal business or their occupation and, in the case of a person, their date of birth;

  • (c) if an account holder is a corporation, a copy of the part of its official corporate records that contains any provision relating to the power to bind the corporation in respect of the account;

  • (d) a record that sets out the intended use of the account;

  • (e) a record of every application in respect of the account;

  • (f) every account operating agreement that they create or receive in respect of the account;

  • (g) every confirmation of purchase or sale, guarantee, trade authorization, power of attorney and joint account agreement and all correspondence that pertains to the operation of the account; and

  • (h) a copy of every account statement that they send to an account holder.

  • SOR/2016-153, s. 81(F)
  • SOR/2019-240, s. 28
  • SOR/2020-112, s. 6

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