Difference between revisions of "Representation Agreements (15:V)"

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(→‎B. Who Can Be a Representative?: 2017 Summer Clinician update)
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=== 2. Delegation of Authority ===
=== 2. Delegation of Authority ===


A Representative is not permitted to delegate authority to another person (s 16(6)). The exception to this is that a Representative who has been appointed to make financial investments on behalf of an adult may delegate authority to qualified investment specialist, including a mutual fund manager (s 16(6.1)). A Representative may also retain the services of a qualified person to assist in carrying out the adult’s instructions or wishes.  
A Representative is not permitted to delegate authority to another person (s 16(6)). The exception to this is that a Representative who has been appointed to make financial investments on behalf of an adult may delegate authority to qualified investment specialist, including a mutual fund manager (s 16(6. 1)). A Representative may also retain the services of a qualified person to assist in carrying out the adult’s instructions or wishes.


=== 3. Accounts and Records ===
=== 3. Accounts and Records ===