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89 Can. B. Rev. 1 (2010)

handle is hein.journals/canbarev89 and id is 1 raw text is: Vol. 89 2010 No. 1 ACCESS OR EXPECTATION: THE TEST FOR FIDUCIARY ACCOUNTABILITY Robert Flannigan* The argument persists that fiduciary regulation applies where there is a reasonable expectation that one will act in the interest of another. While the notion of reasonable expectation may have the appearance of substance, it is indeterminate and has the potential to radically reconfigure the conventional discipline. The proper (iustified) test for fiduciary accountability is limited access. Un argument desormais persistant veut que les rglementations fiduciaires s 'appliquent dans les cas oit il existe une attente raisonnable qu 'une personne agira dans l'intert d'une autre personne. Bien que la notion d'attente raisonnable apparaisse tre un critbre de poids, elle est imprecise etpourrait radicalement modifier la discipline traditionnelle. Le bon critbre (c'est-i-dire celui dont le bien-fond a ete etabli) applicable t la responsabilitefiduciaire est celui de 1'accbs restreint. A central concern with any form of legal accountability is the reach of its application. It is critical to properly identify who is subject to the regulation. That necessarily depends on the nature of the animating function. The conventional understanding of fiduciary accountability is that its exclusive function is to control opportunism in limited access arrangements.1 That * University of Saskatchewan. 1 Robert Flannigan, The Boundaries of Fiduciary Accountability (2004) 83 Can Bar Rev 35. THE CANADIAN BAR REVIEW LA REVUE DU BARREAU CANADIEN

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