Jun 30, 2020 | Regulatory Compliance
On May 28, the International Organization of Securities Commissions (IOSCO) published for comment revised Principles on Outsourcing (Revised Principles). Previously, IOSCO had issued outsourcing principles for market intermediaries (2005) and markets (2009). The...
Jun 30, 2020 | COVID-19, Regulatory Compliance
On May 30, the Canadian Securities Administrators (CSA) announced that most member regulators including the Ontario Securities Commission (Participating Jurisdictions) had issued temporary blanket relief (Temporary Relief) from certain financial statement and...
Jun 30, 2020 | Cyber-security and Data Privacy, Regulatory Compliance
On June 25, the International Organization of Securities Commissions (IOSCO) published a draft report and proposed guidance (Report) regarding asset managers and market intermediaries’ use of artificial intelligence (AI), including machine learning (ML). It’s a useful...
Jun 30, 2020 | Regulatory Compliance
On June 30, the Canadian Securities Administrators (CSA) published an Interim Progress Report on the CSA’s 2019-2022 Business Plan (Report). The Report tracks the CSA’s progress on the goals set out in its 2019-2022 business plan, describes the CSA’s accomplishments...
Jun 30, 2020 | Client-Focused Reforms (CFRs), Regulatory Compliance
A. Priorities for the Coming Year On June 25, the Ontario Securities Commission (OSC) published its annual Statement of Priorities (SOP). As we mentioned in our April bulletin, COVID-19 and the related market uncertainty caused the OSC to forego its usual substantive...
Jun 30, 2020 | Regulatory Compliance
Earlier this month, the Federal Court of Appeal (Court) dismissed CompuFinder’s appeal of two related compliance and enforcement decisions by the Canadian Radio-Television and Communications Commission (CRTC) under Canada’s Anti-Spam Legislation (CASL). The CRTC had...
Jun 30, 2020 | Regulatory Compliance
On June 10, the Canadian Securities Administrators (CSA) announced steps, effective immediately, to make it easier for advising representatives (ARs) of portfolio managers (PMs) to register as client relationship management (CRM) specialists. Until now, CSA members...
Jun 30, 2020 | Investment Funds, Regulatory Compliance
On June 25, the Canadian Securities Administrators (CSA) published a consultation paper (Consultation Paper) seeking feedback on whether the current framework for self-regulatory organizations (SROs) should be reformed. As our readers know, the existing system...
