Category: Featured
Aug 31, 2020 | Featured
In this bulletin:
- CSA Finalizes Amendments to Syndicated Mortgages Regime, While OSC and FSRA Publish Local Rules and Guidance for Comment
- FSRA Consults on Rules and Guidance for the Use of Financial Advisor and Financial Planner Titles
- Ontario Consults on on Potential Reforms to Privacy Legislation
- 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
Jul 31, 2020 | Featured
In this bulletin:
- Ontario’s Capital Markets Modernization Task Force Releases Consultation Report
- CSA Publishes Guidance on Flexible CCO Arrangements
- 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
Jun 30, 2020 | Featured
In this bulletin:
- CSA Consults on Potential Reforms to SRO Framework
- CSA Members Say They’ve Made It Easier to Register Client Relationship Management Specialists
- Federal Court of Appeal Rules on Constitutionality and Application of Canada’s Anti-Spam Legislation
- OSC Publishes 2020-2021 Statement of Priorities and 2019-2020 Report Card
- 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
May 29, 2020 | Featured
In this bulletin:
- The RAQ is Back on Track
- OSC Issues Progress Report on Its Burden Reduction Initiatives
- OSC Staff Share Compliance Program Updates during PMAC’s Spring Regulatory and Compliance Webcast
- FSRA Issues Guidance Concerning Mortgage-Based Investments during Market Disruptions
- IIROC Publishes Its Annual Enforcement Report
- 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
Apr 30, 2020 | Featured
In this bulletin:
- CSA Extends Deadline to Implement Conflicts-Related Client-Focused Reforms by 6 Months
- CSA and FSRA Extend Timeline for Implementing Client Comm April 2020Changes to Syndicated Mortgages Regime
- Cyber-Security During the COVID-19 Pandemic and Beyond
- Get Ready to Report Suspicious Transactions “As Soon As Practicable”
- 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
Mar 31, 2020 | Featured
In this bulletin:
- You’ve Activated Your Business Continuity Plan. What’s Next?
- CSA and OSC Extend Certain Deadlines for Registrants and Investment Funds and Postpose Certain Initiatives
- FINTRAC Signals Flexibility to Reporting Entities Affected by COVID-19
- CSA Proposes Rules to Address Financial Exploitation of Vulnerable Investors
- IIROC Fines TD Waterhouse $4 Million for Deliberate Non-Compliance with RDI Requirements
- 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
Feb 28, 2020 | Featured
In this bulletin:
- OSC Goes Its Own Way as CSA Finalizes Rule on Embedded Commissions
- If They Build It (Again), Will They Come? The CSA Proposes a Harmonized, Start-up Crowdfunding Regime
- CSA Re-Proposes Rules on Non-GAAP and Other Financial Measures Disclosure
- OPC Consults on Regulation of Artificial Intelligence
- Our Client-Focused Reforms in a Nutshell Publication Is Ready
- 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
Jan 31, 2020 | Client-Focused Reforms (CFRs), Featured, Regulatory Compliance
In this bulletin:
- Client-Focused Reforms: A Closer Look at the Misleading Communications, RDI, Compliance Training and Record-Keeping Rules
- IIROC and FINRA Publish Their Compliance Priorities for 2020
- Get Ready to RAQ and Roll
- IIROC Fines Registered Representative for His Shoulda Woulda Could KYC
- ASC Schools Registrants on Compliance with OM Exemption
- 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
