Aug 30, 2024 | Regulatory Compliance
The Ontario Securities Commission (OSC) has published a notice and request for comment on several proposed rules that will establish a process to distribute money received by the OSC under disgorgement orders to harmed investors, primarily in Proposed OSC Rule 11-502...
Aug 30, 2024 | Investment Funds, Regulatory Compliance
In late June, the Canadian Securities Administrators (CSA) published the 2024 CSA Investor Index (Index). This is the sixth iteration of the Index, with the previous version published a little while ago in 2020. The long-running survey is designed to track certain key...
Aug 30, 2024 | Investment Funds, Regulatory Compliance
In Québec, the Regulation respecting complaint processing and dispute resolution in the financial sector (the Regulation) comes into effect on July 1, 2025. This regulation follows the consultation that the Autorité des marchés financiers (AMF) conducted in November...
Aug 30, 2024 | Anti-Money Laundering, Regulatory Compliance
Reporting entities such as advisers and dealers are required by FINTRAC to monitor clients with whom they have a business relationship on an ongoing basis. One reason ongoing monitoring is required relates to the obligation to report suspicious transactions to...
Aug 30, 2024 | Anti-Money Laundering, Counter-Terrorist Financing, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
A friendly reminder to all mortgage administrators, mortgage brokers and mortgage lenders of the upcoming requirement to comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) as of October 11, 2024. The requirements include the...
Aug 30, 2024 | Investment Funds, Regulatory Compliance
The new Multilateral Instrument 93-101 Derivatives: Business Conduct (MI 93-101) and its related companion policy come into force shortly on September 28, 2024. MI 93-101 will have a direct impact on firms that advise or deal in over-the-counter derivatives (OTC...
Aug 30, 2024 | Investment Funds, Regulatory Compliance
This year, the annual filings for Form 13-502F4 Capital Markets Participation Fee Calculation are due by November 1, 2024. The form must be completed by firms registered under either or both the Securities Act (Ontario) and the Commodity Futures Act (Ontario), as well...
Aug 30, 2024 | BLG Resource Corner
Our colleagues at BLG have provided a variety of insights we thought might interest our readers: Public consultation: Proposed new measures for the banking sector and consumer protection Discharged bankrupts may be exempt from administrative penalties: Poonian v....
Aug 27, 2024 | Canadian Investment Regulatory Organization (CIRO), Investment Funds, Regulatory Compliance
On July 4, 2024, the Canadian Investment Regulatory Organization (CIRO) published for comment Rule Amendments which include significant changes to the proficiencies required for every registered position in an investment dealer. Fundamentally, the proposed changes...
