Category: Featured

Bulletin | Work from Wherever Edition | August 2020

In this bulletin:

  1. CSA Finalizes Amendments to Syndicated Mortgages Regime, While OSC and FSRA Publish Local Rules and Guidance for Comment
  2. FSRA Consults on Rules and Guidance for the Use of Financial Advisor and Financial Planner Titles
  3. Ontario Consults on on Potential Reforms to Privacy Legislation
  4. CSA Publishes Research Report on How CRM2 Reforms and Mutual Fund Point-of-Sale Rules Have Affected Investor Knowledge, Attitudes and Behaviour

In Brief: CSA Raises the Bar on Threshold for Business Acquisition Reports ▪ SEC’s Risk Alert on COVID-Related Compliance Risks Is Instructive for Canadian Registrants ▪ Wealthsimple to Test Crypto Asset Trading Platform in CSA’s Sandbox ▪ NASAA Task Force Targets COVID-19 Fraudsters

News and Events: PMAC Fall Regulatory and Compliance Webcast – September 24

Click the link to access a PDF of our full, monthly bulletin summarizing these recent developments. >> Monthly Bulletin | Work from Wherever Edition | August 2020

 

Bulletin | Dive-in Edition | July 2020

In this bulletin:

  1. Ontario’s Capital Markets Modernization Task Force Releases Consultation Report
  2. CSA Publishes Guidance on Flexible CCO Arrangements
  3. Watch Out or Wash Out: Coinsquare Executives Learn That Innovation Isn’t a Free Pass to Violate Securities Laws

FAQ: How does a registered firm’s UDP certify their firm’s RAQ responses if the UDP doesn’t have online access to the survey? ▪ Do registered individuals (and applicants for registration) have to disclose offenses they have been charged with, if the matter hasn’t adjudicated yet?

In Brief: Are You Prepared to Deal with Colleagues Experiencing Diminished Capacity? ▪ OSC Issues Interim Prospectus and Registration Exemptions to Facilitate Crowdfunding

Click the link to access a PDF of our full, monthly bulletin summarizing these recent developments. >> Monthly Bulletin | Dive-in Edition | July 2020

 

Bulletin | Staycation Edition | June 2020

In this bulletin:

  1. CSA Consults on Potential Reforms to SRO Framework
  2. CSA Members Say They’ve Made It Easier to Register Client Relationship Management Specialists
  3. Federal Court of Appeal Rules on Constitutionality and Application of Canada’s Anti-Spam Legislation
  4. OSC Publishes 2020-2021 Statement of Priorities and 2019-2020 Report Card
  5. IOSCO Consults on Regulatory Measures for Asset Managers’ and Market Intermediaries use of Artificial Intelligence

In Brief: Temporary Relief from Certain Requirements for Registrants and Unregistered Capital Markets Participants Extended ▪ IOSCO Consults on Revised Principles for Outsourcing ▪ CSA Publishes interim Progress Report on Its 2019-2022 Business Plan

News & Events: Correction to Last Month’s Article on PMAC’s Spring Regulatory and Compliance Webcast

Click the link to access a PDF of our full, monthly bulletin summarizing these recent developments. >> Monthly Bulletin | Staycation Edition | June 2020

Bulletin | Taking Care of Business Edition | May 2020

In this bulletin:

  1. The RAQ is Back on Track
  2. OSC Issues Progress Report on Its Burden Reduction Initiatives
  3. OSC Staff Share Compliance Program Updates during PMAC’s Spring Regulatory and Compliance Webcast
  4. FSRA Issues Guidance Concerning Mortgage-Based Investments during Market Disruptions
  5. IIROC Publishes Its Annual Enforcement Report
  6. CSA Renews Exemptive Relief from Filing Deadlines for Investment Funds, Other Issuers, Registrants and Certain Other Capital Markets Participants

FAQ Corner: May an associate advising representative work remotely or in a one-person branch office?

In Brief: OSC Takes Enforcement Action against Representative Who Agreed to Serve as Executor for Client’s Will ▪ Issuers’ Undertakings to ASC Highlight the Importance of Effective Controls to Ensure Compliance with Prospectus Exemptions

News & Events: Updated Real Estate and Mortgage Investment Vehicles Publications ▪ AUM Law Speaks at PMAC Spring Regulatory and Compliance Webcast

Click the link to access a PDF of our full, monthly bulletin summarizing these recent developments. >> Monthly Bulletin | Taking Care of Business Edition | May 2020

Bulletin | Working From Home Edition | April 2020

In this bulletin:

  1. CSA Extends Deadline to Implement Conflicts-Related Client-Focused Reforms by 6 Months
  2. CSA and FSRA Extend Timeline for Implementing Client Comm April 2020Changes to Syndicated Mortgages Regime
  3. Cyber-Security During the COVID-19 Pandemic and Beyond
  4. Get Ready to Report Suspicious Transactions “As Soon As Practicable”
  5. OSC Revises Certain Registration Processes as Part of Its Burden Reduction Initiative

FAQ Corner:Can our firm use electronic signatures for subscription documents, investment management agreements and similar agreements with the firm’s clients?

In Brief: OSC Temporarily Waives Late Fees for All Market Participants ▪ CSA Temporarily Increases Short-Term Borrowing Limits for Mutual Funds ▪ OSC Scales Back Its Consultation on Business Priorities ▪ Regulators Plan Three-Year Moratorium on Trade Matching Exception Reporting

News & Events: AUM Law Participates in CAASA Podcast and Webinar ▪ Lexology Awards

Click the link to access a PDF of our full, monthly bulletin summarizing these recent developments. >> Monthly Bulletin | Working from Home Edition | April 2020

Bulletin | Spring Edition | March 2020

In this bulletin:

  1. You’ve Activated Your Business Continuity Plan. What’s Next?
  2. CSA and OSC Extend Certain Deadlines for Registrants and Investment Funds and Postpose Certain Initiatives
  3. FINTRAC Signals Flexibility to Reporting Entities Affected by COVID-19
  4. CSA Proposes Rules to Address Financial Exploitation of Vulnerable Investors
  5. IIROC Fines TD Waterhouse $4 Million for Deliberate Non-Compliance with RDI Requirements
  6. Corporations Canada Seeks Comments on Potential Regulations for Corporate Registers of Individuals with Significant Control

FAQ Corner: In light of the COVID-19 pandemic, what should we do with respect to our suitability determination and “know-your-client” (KYC) obligations?

In Brief: No Jail Time for Mr. Tiffin After All, But His Conviction Stands

News & Events: AUM Law Launched a New Website

Click the link to access a PDF of our full, monthly bulletin summarizing these recent developments. >> Monthly Bulletin | Spring Edition | March 2020

Bulletin | Leap Year Edition | February 2020

In this bulletin:

  1. OSC Goes Its Own Way as CSA Finalizes Rule on Embedded Commissions
  2. If They Build It (Again), Will They Come? The CSA Proposes a Harmonized, Start-up Crowdfunding Regime
  3. CSA Re-Proposes Rules on Non-GAAP and Other Financial Measures Disclosure
  4. OPC Consults on Regulation of Artificial Intelligence
  5. Our Client-Focused Reforms in a Nutshell Publication Is Ready
  6. SEC Commissioner Pierce Leapfrogs Her Commission with Proposed Safe Harbour for Token Offerings

FAQ Corner: What are some things to watch out for when we describe our firm and its representatives in marketing materials or on social media?

In Brief: Is This the Very Model of a Modern SRO?

Click the link to access a PDF of our full, monthly bulletin summarizing these recent developments. >> Monthly Bulletin | Leap Year Edition | February 2020

Bulletin | Year of the Rat Edition | January 2020

In this bulletin:

  1. Client-Focused Reforms: A Closer Look at the Misleading Communications, RDI, Compliance Training and Record-Keeping Rules
  2. IIROC and FINRA Publish Their Compliance Priorities for 2020
  3. Get Ready to RAQ and Roll
  4. IIROC Fines Registered Representative for His Shoulda Woulda Could KYC
  5. ASC Schools Registrants on Compliance with OM Exemption
  6. Like Rats in a Maze: Navigating the Application of Securities Laws to Crypto Assets

FAQ Corner: Can an advising representative act as the executor of an estate on behalf of a client?

In Brief: CSA Consults on Access Equals Delivery Model for Disclosure Documents

News and Events: Lexology Recognizes AUM Law Again for Thought Leadership in Our Publications

Click the link to access a PDF of our full, monthly bulletin summarizing these recent developments. >> Monthly Bulletin | Year of the Rat | January 2020