Category: News

Welcome Michelle Racine Stacey to AUM Law

We are delighted to welcome Michelle Racine Stacey as a Knowledge Management Consultant to AUM Law. In her role, Michelle will focus on initiatives to progress solutions for how our lawyers and paraprofessionals develop, maintain, and share knowledge to ensure efficient and cost-effective delivery of services. Before joining AUM Law, Michelle was part of the BLG team as a Research Librarian where she provided in-depth legal research and reference services, current awareness monitoring for legislative and judicial information, and legal research and technology training to lawyers, students, and library research staff.

September 28, 2022

BLG’s Resource Corner

Our colleagues at BLG have provided the following insights we thought might interest our readers:

For more information, please visit the BLG website.

August 17, 2022

Welcome William (Bill) Donegan to AUM Law

We are delighted to welcome Bill Donegan as Senior Compliance Consultant to AUM Law. In his role, Bill will provide senior level advisory services to registered individuals and dealers, on all aspects of their securities regulatory compliance obligations and the implementation of securities regulatory requirements. Before joining AUM Law, Bill practiced law in the private industry for ten years, prior to his long-tenure in compliance roles, most recently as Chief Compliance Officer with Manulife Securities. He also oversaw wealth management compliance for both the IIROC and MFDA channels nationally.

August 17, 2022

Important Reminders: Don’t Double Fault: F4 Updates and Exempt Trade Reports Take Time

As referenced in our article above, the amendments to National Instrument 33-109 Registration Information (NI 33-109) are now in force. As a result, any changes required to be made to an individual registrant’s Form 33-109F4 must be done no later than June 6, 2023. However, if a change to the form is required to be reported prior to such time, the entire form must be reviewed, updated and filed within the relevant filing deadline. This may include completing answers to questions that could previously be left blank on the form. As a result, we are recommending that clients (especially those with a large number of registrants and permitted individuals) have a plan to download, review and update such forms well in advance of the June 2023 deadline to avoid filing delays.

There are other frequently filed forms in a different context that may also take some time to complete. For example, exempt trade reports are often required to be filed for exempt distributions of securities (other than investment funds under certain prospectus exemptions) within 10 days of the distribution. These forms can be complicated to complete and require detailed information about the issue, the investors, compensation paid to dealers, etc. It may also take some time to set up the issuer’s filing profile on SEDAR, the OSC’s Electronic Filing Portal or, if required, on the BCSC e-services profile (the later usually takes at least 24 hours to set up a profile). These reports and profiles should be completed and set up as early as possible, again to avoid possible delays and late filing fees.

June 30, 2022

BLG’s Resource Corner

Our colleagues at BLG have written the following articles we thought might interest our readers:

For more information, please visit the BLG website.

June 30, 2022

BLG’s Resource Corner

Our colleagues at BLG have written the following articles we thought might interest our readers:

For more information, please visit the BLG website.

May 31, 2022

AUM Law Team Member Announcements

We are delighted to welcome Vivek (Vik) Bali as Legal Counsel to AUM Law. Vik’s practice will focus on regulatory compliance. Before joining AUM Law, Vik articled and then worked in the KYC, Compliance and AML spheres at UBS Bank (Canada). Vik graduated from Osgoode Hall Law School in 2019. Before heading to law school, he earned a B.Sc. in Biochemistry from York University.

We are also thrilled to welcome Ayn Greaves as a Compliance Consultant at the firm. In her role, Ayn will be assisting our clients to navigate the complicated regulatory environment, including helping lawyers complete audits, questionnaires, AML reviews, policies and procedures reviews, and advising on risks. Prior to joining AUM Law, Ayn started her financial services career at IIROC, and since then has worked in various investment advisory, wealth management and banking firms, most recently as a Senior Manager in Regulatory Compliance at President’s Choice Bank. Ayn holds the Certification in Risk Management Assurance (CRMA) Designation.

March 31, 2022

BLG’s Resource Corner

Our colleagues at BLG have written the following articles we thought might interest our readers:

For more information, please visit the BLG website.

February 28, 2022

Canadian Legal Lexpert Directory

We would like to congratulate our very own Kim Poster on the achievement of being included in the 2022 Edition of the Canadian Legal Lexpert® Directory for the practice area of Investment Funds.

February 28, 2022

AUM Law Team Member Announcements

We are delighted to announce that Chris Tooley has been promoted to Senior Legal Counsel at AUM Law. We have benefited greatly from his practical and thoughtful advice since he joined us in 2015. Chris assists firms to become registered advisers, dealers and investment fund managers, and advises existing registrants regularly with respect to AML and other compliance matters.

February 28, 2022