Jan 29, 2021 | Events, News
We would like to congratulate Harvest Portfolios Group for breaking through the coveted milestone of $1bn of assets under management regarding their suite of prospectus funds! January 29, 2021
Jan 29, 2021 | Events, News, Regulatory Compliance
On February 4, the Portfolio Management Association of Canada (PMAC) will be hosting a virtual webcast. AUM Law’s Kevin Cohen will participate as a panellist to discuss the importance of succession planning from a client, regulatory and business continuity...
Jan 29, 2021 | Investment Funds, Regulatory Compliance
On January 28, the Canadian Securities Administrators (CSA) issued temporary blanket relief, which is expected to be codified at a later date. This relief expands the list of courses that allow mutual fund dealing reps to sell liquid alt funds thereby increasing...
Jan 29, 2021 | Regulatory Compliance
In March 2020, The Ontario Securities Commission (OSC) has put in place the option of confidentially pre-filing a prospectus, as part of the OSC’s burden reduction initiative. In recent months, the OSC has seen a significant number of confidential pre-files, which...
Jan 29, 2021 | Regulatory Compliance
On January 27, 2021, the International Organization of Securities Commissions (IOSCO) published a report titled “Complaint Handling and Redress System for Retail Investors” that sets forth practices aimed at assisting its members in developing and...
Jan 29, 2021 | FAQs, Investment Funds, Regulatory Compliance
Answer: The FATCA and CRS provisions of the Income Tax Act (Canada) (the “ITA”) and the guidance issued by the Canada Revenue Agency (CRA) in connection with those provisions addresses the application of the FATCA and CRS due diligence and reporting requirements in...
Jan 29, 2021 | FAQs, Investment Funds
Answer: In June 2018, amendments to the custody requirements in NI 31-103 came into force (the “Custody Amendments”). The Custody Amendments include an exception from the requirement to retain a qualified custodian for securities that are recorded on the books of the...
Jan 29, 2021 | COVID-19, Investment Funds
Investment fund managers that have obtained approval from the Ontario Securities Commission to self-trustee pooled funds and/or exemptive relief for fund-on-fund structures may have selected fund custodians that meet the requirements of National Instrument 81-102...
Jan 29, 2021 | Anti-Money Laundering, News, Regulatory Compliance
One of the five core requirements of a registered firm’s anti-money laundering and anti-terrorist financing (AMLTF) compliance program is to conduct a risk assessment of its business activities and relationships. The business-based risk assessment must assess the...
Jan 29, 2021 | Client-Focused Reforms (CFRs), News, Regulatory Compliance
On September 28, the Canadian Securities Administrators (CSA) published guidance in the form of responses to frequently asked questions (FAQs) about how to interpret and implement the client-focused reforms (CFRs) to National Instrument 31-103 Registration...
Jan 29, 2021 | Corporate Finance, Investment Funds, News, Regulatory Compliance
In our July 2020 Bulletin we reported on the Consultation Report of Ontario’s Capital Markets Modernization Taskforce. On January 22, the Taskforce released its Final Report after engaging with over 110 stakeholders and receiving over 130 stakeholder comment letters...
Jan 29, 2021 | Events, Investment Funds, News
On February 2, AUM Law’s Richard Roskies will participate as a speaker at the InvestorCOM webinar, to discuss Client Focused Reforms and Know Your Product provisions for investment dealers and their representatives. January 29, 2021
