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The right of withdrawal is based on the securities act legislation within the jurisdiction the purchase occurred

Before Mariana can cancel her order, she must wait two business days to pass before she can cancel her order

How the right of withdrawal can be applied is determined by the Mutual Fund Dealers Association of Canada’s conduct rules. 

The Canadian Securities Administrators have instituted national instruments regarding Mariana’s right to cancel her order.

If Maalik determines that there is anything suspicious about John’s transaction, he is required to report the matter to his dealer. The dealer must report the matter to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

 If Maalik learns that John is the president of a state-owned company, Maalik is required to report John as a Politically Exposed Foreign Person (PEFP) to his dealer. If John is not a US person, the dealer must report the account to the Internal Revenue Service (IRS)

 If John wants to make a large cash deposit of $10,000 or more, Maalik is required to collect personal information about John and report it to his dealer. The dealer must report the information to the Canada Revenue Agency (CRA)

If John attempts to make a suspicious deposit, Maalik is required to report the attempt to his dealer. The dealer must keep records of attempted suspicious transactions that are not reported to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).