National Instrument 24-101 establishes a framework to ensure faster and more efficient processing and settlement of institutional operations that deal with a broker via a DAP/RAP account*.
To this end, this standard requires any party involved in such operations (institutional investor, advisor, broker, safekeeper) to establish sufficient policies and procedures to meet the objectives set by this standard and to sign a matching statement or matching agreement with the parties involved in this process. Industrial Alliance Insurance and Financial Services Inc. and each of its subsidiaries and affiliates covered by this standard have completed the matching declaration required by National Instrument 24-101.
The following statement confirms the implementation of these policies and procedures:
* DAP : means “ Delivery Against Payment ”.
RAP : means “ Receipt Against Payment ”.