Document background
The Account Management Agreement serves as the foundational document for establishing and managing professional account relationships in the Canadian financial services sector. This agreement is essential when a financial institution or professional account manager takes on the responsibility of managing client accounts, whether for individuals, corporations, or institutional clients. The document comprehensively addresses service scope, regulatory compliance, risk management, privacy protection, and operational procedures, all within the framework of Canadian federal and provincial laws. It includes specific provisions required by Canadian regulations such as the Bank Act and PIPEDA, while also incorporating necessary consumer protection elements and financial services requirements. The agreement is structured to protect both the service provider and client interests, establishing clear parameters for the account management relationship.
