Insights
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Bulletin | Extra Day, Extra Insights Edition | February 2024
As this leap year adjusts the calendar to sync with the Earth’s orbit around the sun, our updates will help guide you through seemingly circular regulatory needs and challenges.
AUM – Registrations
Securities registrations can be complex and time consuming, especially if experienced staff are not available to manage the process....
OSC Releases Digital Engagement Report – Finding Stability Amidst Change
In its latest draft Statement of Priorities, the Ontario Securities Commission (OSC) indicated some concerns with advice being provided by...
Updating and Maintaining SEDAR+ Profiles
The System for Electronic Document Analysis and Retrieval (SEDAR+), is the web-based system that is now used to file, disclose, and search...
CIRO Leaps Forward with New Proposed Borrowing Rules
In mid-February, the Canadian Investment Regulatory Organization (CIRO) released proposed amendments to the Investment Dealer and...
Keeping Pace in 2024: CIRO’s Ransomware Response Playbook
Regulators are often warning firms about the importance of cyber security readiness and the obligations of registrants to ensure that that...
CSA Systemic Risk Report: Exploring Rare Occurrences
The Systemic Risk Committee (SRC) of the Canadian Securities Administrators (CSA) allows staff to review and monitor systemic and emerging...
Offering Memoranda Compliance – Turning the Page
One way to spend your time during February’s extra day is considering whether your offering memoranda continue to comply with regulatory...
AUM – Two-Year AML/ATF Effectiveness Review
Securities dealers are subject to Canada’s anti-money laundering (AML) and anti-terrorist financing (ATF) laws. Dealers must identify...
AUM – Training
CIRO member dealers are required to provide ongoing training to their Approved Persons concerning securities regulatory requirements,...
AUM – General Service
Dealer compliance departments are always busy and stressed. We can help when you are having difficulty finding the necessary time to...
Polar Precision: CIRO’s Proposals on Directed Commissions
Introduction On January 25, 2024 the Canadian Investment Regulatory Organization (CIRO) published its long-awaited Position Paper on the...
FSRA’s Proposed Approach for Vulnerable Consumers to Weather Financial Storms
On January 8, 2024, the Financial Services Regulatory Authority of Ontario (FSRA) launched a public consultation (the Consultation) on a...
CIRO Continues Rule Consolidation Project in Phase 2
On January 11, 2024, the Canadian Investment Regulatory Organization (CIRO) published for comment Phase 2 of the Rule Consolidation...
Snowballing Toward Retirement Survey Results
On January 10, 2024, the Ontario Securities Commission, in partnership with Ipsos, released the results of a survey of Canadians 50 years...
CSA Finalizes Access Model for Non-Investment Fund Prospectuses
On January 11, 2024, the CSA published final rules to permit issuers (other than investment fund issuers, i.e. corporate finance issuers)...