Which of the following actions must be notified to the SFSC?

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The requirement to notify the Saskatchewan Financial Services Commission (SFSC) about a change in commission split stems from the regulatory framework that governs mortgage associates and their practices. Commission structures can impact how mortgage professionals operate their businesses and may also affect consumer interests. Therefore, any modifications to commission splits must be reported to ensure compliance with industry regulations, maintain transparency, and safeguard consumer protection.

In contrast, booking a vacation, scheduling a meeting, or changing business hours are generally considered operational aspects of running a mortgage practice that do not typically require formal notification to regulatory bodies like the SFSC. These activities are part of the day-to-day management of the business and do not bring direct regulatory implications that would necessitate oversight or reporting.

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