Jun 30, 2023 | Investment Funds, Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) released for consultation a second set of amendments relating to Rule 2020 – 002 Unfair or Deceptive Acts or Practices Rule (UDAP Rule). The proposed amendments to the UDAP Rule relate to deferred sales...
Jun 30, 2023 | Anti-Money Laundering, Economic Sanctions, Regulatory Compliance
The Department of Finance Canada released a sweeping consultation paper with respect to Canada’s anti-money laundering and anti-terrorist financing regime (AML/ATF regime), including potential changes to the Proceeds of Crime (Money Laundering) and Terrorist Financing...
Jun 30, 2023 | Canadian Investment Regulatory Organization (CIRO), Investment Funds, Regulatory Compliance
Effective January 1, 2023, the New Self-Regulatory Organization of Canada (New SRO) – the amalgamated self-regulatory body formed from the Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) – launched...
Jun 30, 2023 | Canadian Investment Regulatory Organization (CIRO), Investment Funds, Regulatory Compliance
On June 13, the Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators (CCIR), with the participation of the Canadian Investment Regulatory Organization (CIRO), discussed the formation of an implementation committee for the new total...
Jun 30, 2023 | Regulatory Compliance
On June 1, the Canadian Securities Administrators (CSA) issued an update announcing that the much anticipated launch of SEDAR+ was being postponed, with a revised launch date of July 25, 2023, and a contingency date of September 12, 2023. To ensure that organizations...
Jun 30, 2023 | Regulatory Compliance
The use of chargebacks in the mutual fund industry is the latest practice to draw the focus of Canadian regulators who have been set on addressing conflict of interest concerns in the Canadian investment industry. On June 1, the Canadian Securities Administrators...
Jun 30, 2023 | Investment Funds, Regulatory Compliance
As we first described in our April 2020 bulletin, securities commissions across the country granted exemptions to certain requirements in National Instrument 24-101 Institutional Trade Matching and Settlement (NI 24-101) to provide for a three-year moratorium on the...
Jun 30, 2023 | BLG Resource Corner
Our colleagues at BLG have provided the following insights we thought might interest our readers: What does the ‘S’ stand for?: Understanding the social pillar of ESG Exemptions facilitate transition to SEDAR+ Environmental, Social and Governance (ESG) Trends: Why...
