Category: News

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.

November 30, 2022

AUM Law Speaks at the PMAC AML and ATF Training Session – December 6

AUM Law’s Chris Tooley will be participating as a speaker for the second year in a row at the Anti-Money Laundering and Anti-Terrorist Financing Training Session hosted by PMAC. Chris will be covering core concepts around money laundering and terrorist financing, client identification, what information you must collect from clients, record keeping, and suspicious transactions. To register for the event, please click here, or contact our communications team here for more details.

November 30, 2022

BLG’s Resource Corner

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

We hope you received your invitation to attend (either in person or virtually), BLG’s Investment Management Group annual fall educational seminar and reception. Amongst BLG speakers, two AUM Law speakers will be participating. Bill Donegan will be presenting on implications of the SRO consolidation that can be expected next year and Jason Streicher will be participating on a registrant regulation panel. We hope to see you at BLG’s House for some “Late Night Talking”!

For more information, please visit the BLG website or contact us for details on the seminar.

October 31, 2022

Lexology Awards

We are pleased to have been recognized once again by Lexology as the exclusive Legal Influencer for financial services commentary in Canada for the third quarter of 2022. These awards are designed to recognize law firms that provide subscribers with relevant, high-quality legal updates and are determined based on an algorithm that takes into account reader engagement with the law firm’s publications on Lexology. This is the eighth time that AUM Law has received this award. Read more here.

October 31, 2022

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