Nov 30, 2021 | Regulatory Compliance
On November 18, the Ontario Securities Commission (OSC) published OSC Notice 11-794 Statement of Priorities seeking comment on its draft 2022-2023 Statement of Priorities (SoP) to inform its business planning for the fiscal year ending on March 31, 2023. The OSC has...
Nov 30, 2021 | Regulatory Compliance
We assist many businesses that are obtaining registration as an exempt market dealer, adviser and/or investment fund manager for the first time. Often, those seeking registration for their start-up businesses have engaged in other types of activities prior to...
Nov 30, 2021 | Client-Focused Reforms (CFRs), Regulatory Compliance
As previously mentioned in our bulletins, as part of the client-focused reforms to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, a new prohibition on misleading communications will apply as of the end of the year....
Nov 30, 2021 | Regulatory Compliance
As we noted in last month’s bulletin, Form 13-502F4 – Capital Markets Participation Fee Calculation is due to be filed with the OSC by registrants no later than December 1, 2021. This requirement applies to firms in Ontario registered under the Securities Act,...
Nov 30, 2021 | News, Regulatory Compliance
National Instrument 45-106 – Prospectus Exemptions (NI 45-106) exempts certain distributions of securities from the prospectus requirements. However, reliance on many of these exemptions requires issuers to report prospectus-exempt distributions to every securities...
Oct 29, 2021 | Events, News, Regulatory Compliance
On November 18, Richard Roskies will be speaking alongside BLG lawyers at the BLG’s Investment Management webinar, for which you will have received an invitation. Topics discussed will include regulatory developments relating to digital assets, investment fund...
Oct 29, 2021 | Events, News, Regulatory Compliance
AUM Law’s very own Chris Tooley will be presenting to a large audience of PMAC member firms on November 29 on the subject of AML training. Please contact us for more details.
Oct 29, 2021 | Regulatory Compliance
Form 13-502F4 – Capital Markets Participation Fee Calculation is due to be filed with the OSC no later than December 1, 2021. This requirement applies to firms in Ontario registered under the Securities Act or firms registered under both the Securities Act and the...
Oct 29, 2021 | Regulatory Compliance
The Financial Consumer Agency of Canada (FCAC) has released a proposed Guideline on Complaint-Handling Procedures for and Authorized Foreign Banks. The proposed new Guideline will support the implementation of the new Financial Consumer Protection Framework in the...
Oct 29, 2021 | Regulatory Compliance
The Financial Services Regulatory Authority of Ontario released a consultation paper regarding its new Innovation Office, which was launched in 2020 in order to facilitate what it has termed “responsible innovation” – i.e. managing risk to consumers and members of...
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 | Regulatory Compliance
On October 7, 2021, the Financial Services Regulatory Authority of Ontario (FSRA) published for comment its proposed 2022-2023 Statement of Priorities (SoP). The SoP, and financial plan, as finalized, will form the core of FSRA’s Annual Business Plan to be submitted...
