Category: Investment Funds
Nov 30, 2021 | Investment Funds, Regulatory Compliance
Professor Poonam Puri has been appointed by the board of The Ombudsman for Banking Services and Investments (OBSI) to undertake an independent evaluation of OBSI’s operations. As the evaluation includes input from stakeholders, two requests for comment have been...
Nov 30, 2021 | Investment Funds, Regulatory Compliance
On November 1, 2021, CFA Institute issued its Global Environmental, Social and Governance (ESG) Disclosure Standards for Investment Products (Standards). The Standards are the first voluntary global standards designed to report on how an investment product considers...
Nov 30, 2021 | Investment Funds, Regulatory Compliance
On November 18, 2021 the Canadian Securities Administrators (CSA) issued a news release announcing progress on the creation of a new self-regulatory organization (SRO) for the investment industry and a new investor protection fund (IPF). The new SRO will consolidate...
Oct 29, 2021 | Corporate Law, Investment Funds, Regulatory Compliance
The Nova Scotia Securities Commission (NSSC) and the New Brunswick Financial and Consumer Services Commission (FCNB) have issued a short consultation paper with respect to disclosure on diversity in the capital markets and are accepting comments until November 15th....
Oct 29, 2021 | Investment Funds, Regulatory Compliance
We wanted to note for those that follow changes to the derivatives reporting rules that the CSA (other than the OSC) has released a notice and request for comment related to proposed amendments to NI 94-102 Derivatives: Customer Clearing and Protection of Customer...
Oct 29, 2021 | Corporate Finance, Investment Funds, Regulatory Compliance
For those looking for some new reading material, a Capital Markets Act (the “Act”) draft has been released by the Ontario Ministry of Finance. The Act is intended to replace both the current Ontario Securities Act as well as the Ontario Commodity Futures Act, and is...
Oct 29, 2021 | Investment Funds, Regulatory Compliance
The CSA released a consultation paper on October 18, proposing a new National Instrument NI 51-107 Disclosure of Climate-related Matters (“NI 51-107”) and its companion policy, which would introduce new disclosure requirements for reporting issuers. NI 51-107 would...
Oct 29, 2021 | Investment Funds, Regulatory Compliance
On October 7 the Canadian Securities Administrators (CSA) published amendments (the Amendments) to implement eight initiatives to reduce the regulatory burden for investment funds. Generally, the changes eliminate duplicative requirements, streamline regulatory...
Sep 30, 2021 | Client-Focused Reforms (CFRs), Investment Funds, Regulatory Compliance
On September 2, 2021, the Ontario Securities Commission (OSC) published its 2021 Annual Report – Promoting Confidence, Fostering Innovation (Report), along with its financial statements for the year ended March 31, 2021 and the accompanying MD&A. The Report...
Sep 30, 2021 | Investment Funds, Regulatory Compliance
On August 31, the Investment Industry Regulatory Organization of Canada (IIROC) released another consultation paper with respect to draft competency profiles for its registration categories which is the second phase of a multi-year project. IIROC estimates that they...
Sep 30, 2021 | Investment Funds, Regulatory Compliance
On September 9, the Autorité des marchés financiers (AMF) released a draft regulation relating to the processing of complaints in the financial sector in Québec. It is intended to create a common set of rules and practices for the fair processing of complaints, and...
Aug 31, 2021 | Investment Funds, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) has released a proposed approach guidance, outlining its intentions with respect to how and when it will publish information about enforcement proceedings and investigations in the sectors it regulates,...
Aug 31, 2021 | Corporate Finance, Investment Funds, Regulatory Compliance
On July 28, 2021, the Canadian Securities Administrators (CSA) announced a proposed new prospectus exemption for issuers listed on a Canadian stock exchange. The proposal is in response to comments received from CSA Consultation Paper 51-404 Considerations for...
Aug 31, 2021 | Corporate Finance, Investment Funds, Regulatory Compliance
On August 12, the Canadian Securities Administrators (CSA) released proposed amendments to the Companion Policy to National Instrument 41-101 General Prospectus Requirements that provides an interpretation of the financial statements that are required to be included...
Aug 31, 2021 | Corporate Finance, Investment Funds, Regulatory Compliance
The Canadian Derivatives Clearing Corporation (CDCC) has proposed amendments to its Rules, Operations Manual, Risk Manual and Default Manual to introduce the Gross Client Margin Model (GCM). The changes being proposed by the CDCC are intended to align with...
