As a copy editor with experience in SEO, it`s my job to provide you with an informative article on IIROC`s bare trustee agreement for the year 2020. Let`s dive in.

First off, what is IIROC? The Investment Industry Regulatory Organization of Canada (IIROC) is the national self-regulatory organization that oversees all investment dealers and their trading activities in Canada. They aim to protect investors by setting high standards for the investment industry and enforcing the rules that govern it.

Now, let`s talk about the bare trustee agreement. A bare trustee is a trustee who holds legal title to property but has no power or duties other than to convey or transfer it as directed by the beneficiary. In other words, the trustee simply holds the property on behalf of the beneficiary without any additional responsibilities.

The new bare trustee agreement introduced by IIROC in 2020 is designed to strengthen investor protection and improve transparency in the management of client accounts. The new agreement requires firms to provide more detailed information about the roles and responsibilities of bare trustees, including their obligations to protect client assets and maintain accurate records.

Under the new agreement, firms must also disclose any conflicts of interest that may arise when using a bare trustee and explain how they will manage those conflicts. This information must be provided in a clear and concise manner, using language that is easily understood by investors.

The introduction of the new bare trustee agreement is just one example of IIROC`s commitment to protecting investors and promoting fair and transparent practices in the investment industry. By setting high standards and enforcing the rules that govern the industry, IIROC is working to ensure that Canadians can invest with confidence.

In closing, if you`re an investor in Canada, it`s important to be aware of the new bare trustee agreement introduced by IIROC in 2020. By understanding the roles and responsibilities of bare trustees and the obligations of firms to provide clear and concise information, you can make more informed investment decisions and protect your assets.