Chapter 6 - Conduct and Practices
Topics covered in this chapter are:
- Ethics
- Standards of Practice
- Money Laundering and Terrorist Financing in the Securities Industry
- Trading and Sales Practices
- Regulations Concerning Registered Futures Representatives Employed by SRO Members
Chapter 7 - Opening and Maintaining Retail Futures Accounts
Topics covered in this chapter are:
- Opening a Futures Account
- Completing and Approving the Futures Account Application Form
- Completing the Futures Trading Agreement
- Risk Disclosure Statement
- Updating Client Account Records to Reflect Material Changes
- Hedging Agreement
- Managed and Simple Discretionary Accounts
- Transferring Futures Accounts from One Dealer Member to Another
- Commissions
- Trade Confirmation
- Monthly Statement
- Statement of Purchase and Sale
- Anti-Money Laundering and Anti-Terrorist Financing Regulations
- A Day in the Life of a Registered Futures Representative
Chapter 8 - Calculating Client Margin Requirements
Topics covered in this chapter are:
- Original and Maintenance Margin
- Setting Margin Requirements
- Hedge Margins
- Satisfying Margin Calls
- Comprehensive Margin Example
- Margining a Futures Option Position
- Dealer Member Capital Requirements
Chapter 9 - Entering Futures and Futures Options Orders
Topics covered in this chapter are:
- Generic Futures Order Entry Screen
- Types of Futures Orders
- Generic Futures Options Order Entry Screen
- Contingent Futures Options Orders
- The Bourse de Montréal’s User-Defined Strategies Functionality
- The Bourse de Montréal’s Procedures to Execute Riskless Basis Cross Transactions on Futures Contracts on S&P/TSX Indices
Chapter 10 - Canadian Taxation of Futures and Futures Options Trading
Topics covered in this chapter are:
- Professional Versus Non-Professional Futures and Futures Options Traders
- Tax Consequences for Non-Professional Traders
- Tax Consequences for Professional Traders
Chapter 11 - Opening and Maintaining Institutional Futures Accounts
Topics covered in this chapter are:
- Opening Corporate Futures Accounts
- Know Your Client Rule
- Permissible Futures Transactions for Pension Plans, Insurance Companies and Trust Companies in Canada
- Canadian Mutual Funds