20. Chartered administrators must take reasonable care of the sums and property entrusted to them by clients, including by their employer.
Except when specifically authorized by a client, chartered administrators must not, in any manner whatsoever, use, lend, transfer, withdraw or employ the entrusted sums or property as payment for their fees or for purposes other than those for which the sums or property were entrusted to them as part of their mandate or contract of employment.
The sums or property entrusted to chartered administrators must be computed and secured in accordance with the Règlement sur la comptabilité en fidéicommis des administrateurs agréés (chapter C-26, r. 16).
O.C. 45-2014, s. 20; 952-2024O.C. 952-2024, s. 31.