The following chart outlines the recent updates made to the eligibility and criteria for accepting Adopted/Pre-formatted eSignatures and Draw eSignatures.
|“Adopted/Pre-formatted” e-signature||“Draw” e-signature|
|Only accepted if the transaction is initiated by the advisor.||Accepted if the transaction is initiated by either the advisor or the customer.|
Requires mandatory use of one of the following ivari approved tools for electronic signatures:
|Use of an electronic signature tool from any vendor is accepted.|
|A secure signature and confirmation must be displayed on the document.
Double authentication using phone (SMS) or email must be sent to customers for accessing and signing the document.
Audit/summary page of the electronic signature end-to-end process must be attached with the electronically signed document (except for documents settled via the eDelivery process).
|Presence of a signature (Draw) that must be comparable to the one ivari has on file.
Attach audit/summary page of the electronic signature end-to-end process if provided by the vendor (except for documents settled via the eDelivery process).
All of the above criteria must be met in order to process the transaction.
Note: E-signatures are not accepted for a Change of Beneficiary transaction in the following provinces: Yukon, Northwest Territories, Nunavut, Alberta, Saskatchewan, Nova Scotia, and PEI. For these provinces, a wet signature is required.
Published on: May 30, 2022