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CIRO Daily Challenge — June 17, 2026 | EnCiro | EnCiro

Daily Challenge/June 17, 2026

🔥 Daily ChallengeCIREProspective client relationshipsMedium

When opening an account for a corporation, whose investment knowledge must be recorded as part of the KYC process?

4 attempts · 50% correct

The investment knowledge of the firm's Registered Representative who manages the account

The investment knowledge of the persons authorized to provide instructions for the accountCorrect

The investment knowledge of every shareholder with more than 10% ownership

The investment knowledge of the President of the corporation only

Why

Rule 200 Section II Para 4 requires obtaining the investment knowledge of the persons authorized to provide instructions on behalf of the legal entity.

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