Compliance Memo

Compliance Memorandum 2012-03 RRSP Loan procedures

For more information, contact:

Compliance Team

Date Issued:

February 23, 2012

We have had a number of questions regarding RSP Loans from financial advisors and wanted
to remind everyone of certain aspects of our leverage policy as it relates to RSP Loans.

For RSP Loans below $20,000.00, we do not require the GPWM Leverage Approval Form to
be completed and signed by the client and financial advisor.

While this does not remove our responsibility to review and approve RSP Loans for suitability,
the number of documents required to be completed is relatively small.

For RRSP Loans below $20,000 we would only require:

  1. NAAF (for new plans) or a KYC Form (if KYC is more than 12 months old for existing
  2. Leverage Disclosure Form
  3. Loan application

Proof of assets and proof of income are not required for RSP or Investment Loans under
$50,000.00 (household) or for any RSP and Investment Loans (Leverage plans) transfers-in to
GPWM from another institution.

As always, if you have any questions or comments, contact the Compliance Department by email at