May 31, 2023 | Client-Focused Reforms (CFRs), Regulatory Compliance
This month, the Ontario Securities Commission (OSC) published its first report (the Report) on the OSC TestLab, a regulatory sandbox designed to promote innovation and modernize regulation in Ontario’s capital markets by providing a space to test novel and innovative...
May 31, 2023 | Investment Funds, Regulatory Compliance
In 2021, the Autorité des marchés financiers (AMF) released its 2021-2025 Strategic Plan, which declared the AMF’s four key guiding principles (called orientations in the plan) that will inform its decisions and actions for the four-year period. On April 27, 2023, the...
May 31, 2023 | Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) recently released its annual business plan for its 2023-2026 activities (the Business Plan). The Business Plan includes reference to FSRA’s 2023-2024 statement of priorities which was the subject of a...
May 31, 2023 | Regulatory Compliance
BCSC Annual Report Card Illuminates Issues with Conflicts The British Columbia Securities Commission (BCSC) released its Annual Compliance Report Card (Report Card) on May 25th summarizing the findings from its 2022 compliance program review of B.C. based portfolio...
May 31, 2023 | Canadian Investment Regulatory Organization (CIRO), Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) is proposing further amendments to Proposed Rule 2022–001 – Assessments and Fees (Fee Rule) in order to reduce variable annual fees payable by the Canadian Investment Regulatory Organization (CIRO)...
May 31, 2023 | Regulatory Compliance
The Canadian Securities Administrators (CSA) members are providing exemptions from a number of filing requirements which are connected to the switch over to SEDAR+. As the switch over occurs, SEDAR+ will be unavailable from June 9 to at least June 13. In effect, the...
May 31, 2023 | Investment Funds, Regulatory Compliance
On May 30, 2023, the Ontario Securities Commission’s Investor Advisory Panel (IAP) released its report with respect to its activities in 2022 (the IAP Report). The IAP’s mandate is to solicit and represent the views of investors on the OSC’s policy and rule-making...
May 31, 2023 | Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) has released proposed guidance that speaks to its expectations for mortgage administrators when complying with their financial reporting requirements. Mortgage administrators are already required to have a...
May 31, 2023 | Client-Focused Reforms (CFRs), Regulatory Compliance
As we approach the end of the second quarter, it is a good time for registered firms to reflect on whether they have completed appropriate training for employees. Under National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations...
May 31, 2023 | Regulatory Compliance
As last mentioned in both our February 2023 and March 2023 bulletins, SEDAR+ is expected to launch on June 13, 2023. While the deadline for onboarding filers needing access to the system on the first day it is operational has passed, issuers will still be permitted to...
May 31, 2023 | BLG Resource Corner
Our colleagues at BLG have provided the following insights we thought might interest our readers: Cyber risk management guidance for Canadian corporate directors – 2023 Update Climate-related disclosures: The Big Three’s proxy voting guidance and expectations Canada’s...
