Mutual Funds Are Prohibited from Purchasing/participating in the FI Loan

question 43

True/False

Mutual funds are prohibited from purchasing/participating in the FI loan sales market by OSFI.

---

Definitions:

Noneconomic Damages

Compensation awarded in a lawsuit for losses that do not have a direct monetary value, such as pain and suffering or emotional distress.

Tort Case

A legal case involving claims of civil wrongs or injuries that do not arise out of contractual obligations, seeking compensation for damages caused.

Pain and Suffering

A legal term that refers to the physical and emotional distress caused by an injury, often factored into compensation calculations in lawsuits.

Section 402A

A legal provision defining the manufacturer's liability for defective goods that cause harm, even if all possible care was exercised during production.