The need for this data is mainly for ongoing compliance and renewal of the certificate with the regulatory authority of your practice (the Autorité des marchés financiers, or AMF, in Quebec).
While the renewal is primarily focused on Professionnal Development Units (PDUs), the regulatory authority also requires evidence of active and compliant practice.
- Proof of compliance: The fact that your general agent (SFG) manages your contracts through Apexa, and then tracks all your transactions in Centralize and VieFund (thanks to AgenZ), serves as proof that you comply with regulatory requirements. In the event of an audit or verification, these centralized systems demonstrate that all your activities have been performed under valid agency contracts and that your work is supervised.
- Practice status: The detailed compensation history in VieFund, for example, attests to the continuity of your professional practice. By providing transparent access to this data, SFG and AgenZ greatly facilitate the validation of your active financial advisor status during renewal periods, thus ensuring the sustainability of your license. This data proves that you are actually using your certificate to trade.
