Before revision: In Canada, financial advisors and dealers  by provincial securities commissions , and those URLanizations charged with direct regulation over investment dealers and mutual fund dealers, respectively to collect and maintain Know Your Client (KYC) information, such as their age or risk tolerance, for investor accounts.
After revision: In Canada, financial advisors and dealers are required by provincial securities commissions , and those URLanizations charged with direct regulation over investment dealers and mutual fund dealers, respectively to collect and maintain Know Your Client (KYC) information, such as their age or risk tolerance, for investor accounts.