Jul 31, 2023 | Canadian Investment Regulatory Organization (CIRO), Client-Focused Reforms (CFRs), Cyber-security and Data Privacy, Investment Funds, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
On July 27, 2023, the Ontario Securities Commission (OSC) released its annual report outlining the work staff conducted in 2022/23 (to date). The report has four parts, outlining the OSC’s (i) education and outreach to registrants; (ii) regulatory oversight activities...
Jul 31, 2023 | Canadian Investment Regulatory Organization (CIRO), Investment Funds, Regulatory Compliance
The Canadian Investment Regulatory Organization (CIRO) has released a consultation paper that should be reviewed by every dealer member of the self-regulatory organization. CIRO’s proposed new proficiency model represents a significant change from current requirements...
Jul 31, 2023 | Client-Focused Reforms (CFRs), Corporate Finance, Investment Funds, Regulatory Compliance
On June 21, 2023, the Alberta Securities Commission (ASC) released its 2023 Annual Report, detailing its achievements in the final year of its F2021-2023 three-year strategic plan. The ASC highlighted its active participation in the crypto regulation space, its...
Jul 31, 2023 | Regulatory Compliance
The Canadian Securities Administrators (CSA) announced on July 20 with effect from July 21, 2023, that they were issuing substantively harmonized exemptions from the requirement to file certain private placement forms [Form 45-106F1 Report of Exempt Distribution]...
Jul 31, 2023 | Investment Funds, Regulatory Compliance
The Manitoba government has joined Québec, Ontario, Saskatchewan and New Brunswick in considering or implementing legislation respecting the use of the titles “financial planner” and “financial advisor”. Title protection legislation in the province would prohibit the...
Jul 31, 2023 | Investment Funds, Regulatory Compliance
As we first mentioned approximately two years ago, a number of the securities regulatory authorities, including the Ontario Securities Commission, proposed changes to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators, and its Companion...
Jul 31, 2023 | Canadian Investment Regulatory Organization (CIRO), Investment Funds, Regulatory Compliance
On July 13, the Canadian Investment Regulatory Organization (CIRO) released for the third time proposed amendments to modernize and simplify its derivatives related requirements. One of CIRO’s predecessor organizations, IIROC, initially published proposed amendments...
Jul 31, 2023 | Corporate Finance, Investment Funds, Regulatory Compliance
For collective investment vehicles with December 31 year ends, upcoming interim financial statement deadlines should be on your radar. In particular, issuers that rely on the offering memorandum (OM) prospectus exemption in Ontario are subject to new requirements...
Jul 31, 2023 | BLG Resource Corner
Our colleagues at BLG have provided the following insights we thought might interest our readers: ISSB publishes global sustainability and climate change standards – Here’s what you need to know Environmental, Social and Governance (ESG) Trends: Why it’s important and...
