The draft Regulation to amend the Code of Ethics for Chartered Administrators, published by the Ordre des administrateurs agréés du Québec, seeks to update the ethical framework governing the practice of chartered administrators in Quebec. The primary aim of the draft Regulation is to refine existing obligations within the Code of Ethics (chapter C-26, r. 14.1) and update the responsibilities of members of the Ordre in response to evolving professional contexts. This revision focuses on improving public protection while ensuring accountability and transparency within the profession.

Several amendments are proposed in the draft Regulation. First, a new ethical standard has been added to section 12, mandating chartered administrators to refrain from engaging in acts of collusion, corruption, malfeasance, breach of trust, or influence peddling, reinforcing the ethical expectations for professionals in the field. Second, section 13 emphasizes that chartered administrators must demonstrate both competence and professional qualifications, ensuring high standards of practice. Third, section 20 has been revised to establish clearer guidelines for managing client property and funds. Chartered administrators are now required to exercise reasonable care over sums and property entrusted to them, with strict prohibitions against unauthorized use, lending, or transferring of such assets. Fourth, a significant amendment in section 27 prohibits chartered administrators from evading professional liability, including restrictions on accepting waivers that could absolve them or their partnerships from responsibility for faults committed in their professional capacity. Fifth, section 56 obligates chartered administrators to promptly inform the Order’s secretary if they suspect that an applicant for membership does not meet the requirements or if they notice any misconduct by another chartered administrator, fostering a culture of accountability and vigilance within the profession. Finally, the draft Regulation removes vague phrases, such as those related to preventing acts of violence, enhancing clarity and precision in the ethical standards expected of chartered administrators.

By updating the Code of Ethics, the Ordre des administrateurs agréés du Québec aims to ensure that its members adhere to the highest professional standards while safeguarding public trust. The amendments are designed not only to clarify existing obligations but also to adapt to contemporary challenges faced by professionals in the field. The anticipated implementation of these regulations will contribute to a more accountable and ethically sound practice among chartered administrators in Quebec, furthering the objectives of the Ordre in promoting professionalism and integrity within the profession.

Quebec (Draft) January 3, 2024