Ultimate responsibility must not be delegated to agent
20. You may have an agreement with an agent, such as an investment broker, that allows them to provide certain administrative or investment functions. It is not necessary to submit the agency agreement with the specimen. If you appoint an agent as custodian of the securities and register the securities in the agent’s name, then you need to clearly disclose the agency agreement, the identity of the trustee, and the contract or identification number of the RRSP that governs the trust in the security registration form.
21. The RSP specimen must state that you, the issuer, have the ultimate responsibility for administering each RRSP under that specimen. The agent may not make changes to the approved specimen. You must deal directly with the CRA concerning all RSP matters and reporting requirements unless we have written authorization to deal with another person.
