KYC and Suitability

Trusted Contact Person (TCP)

A non-trading contact a client designates so the dealer can address concerns about exploitation or capacity.

Definition

Under CIRO Rule 3276, dealers ask clients to designate a TCP at account opening. The TCP has no trading authority. The dealer may contact the TCP to address concerns about possible financial exploitation, mental capacity issues, or to confirm contact details for a legal representative. A TCP is distinct from a power of attorney.

Source

CIRO IDPC Rule 3276; CSA Notice 31-368

Where this shows up on the CIRE

Outcome 3.6

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