TICO updates guidelines for trust accounts

TICO updates guidelines for trust accounts

TORONTO — TICO is advising registrants that revised Trust Accounting Guidelines are now available on TICO’s website.

The updated guidelines can be accessed here: http://www.tico.ca/files/Trust%20Acctg%20Guidelines%20Final%20073116.pdf.

“Although there are no changes to the existing trust accounting requirements, the revised Guidelines provide further clarifications related to the requirements under the Legislation. The revised Guidelines are a consolidated document which replaces the former retail and wholesale trust accounting guidelines which were last updated in June 2013,” says TICO President and CEO, Richard Smart.

Any questions regarding the revised Guidelines should be directed to TICO’s Financial Compliance Department at 1-888-451-8426 or email sskrbic@tico.ca.