Insights
We strive to make our publications timely, useful, and digestible for the executive managers in the asset management industry. We take pride in a good pun or apt music reference.
The articles on our website aren’t intended as a complete statement of the law or an opinion any matter. Please read our Privacy Policy to learn more.
Bulletin | Summer – We’re Halfway There! Edition | June 2021
In this month’s bulletin we discuss a few important deadlines approaching quickly, a number of new important regulatory requirements regarding the CFRs and the AODA’s compliance report.
News
Please note our next bulletin publication will be in August. As always we appreciate any feedback so feel free to write us at...
BLG’s Resource Corner
Our colleagues at Borden Ladner Gervais LLP publish a wealth of information every month. All are available on the BLG’s website, under...
FAQ Corner: What Procedures are Required Before My Firm Can Accept Referred Business from a Third-Party?
Answer: Canadian securities laws require that a registered firm manage material conflicts of interest in the best interests of its...
FAQ Corner: Does Claiming Compliance with GIPS Standards Require Third-Party Verification?
Answer: GIPS standards are a recognized standard for calculating and presenting investment performance around the world. While Canadian...
FAQ Corner: Now that Joint Oversight Over Distributions of Non-Qualified Syndicated Mortgage Investments (NQSMIs) by FSRA and the OSC is Underway, What Should Firms Operating in this Space Keep in Mind?
Answer: As of July 1, 2021, the OSC will have regulatory oversight over the distribution of NQSMIs to persons that are not permitted...
New Brunswick Proposes Local Rule Impacting Funds in that Province
The Financial and Consumer Services Commission released proposed Local Rule 81-510 Self-Dealing on June 24 for a 60-day comment period....
Hello, Goodbye – CSA Grants Interim Relief for DSC Sales
As a follow-up to our article, All Together Now - OSC Joins DSC Ban, in the May 2021 AUM Law Bulletin, we can report that on June 23 the...
Start-Up Crowdfunding Exemptions are Revved up and Ready to Go
On June 23, the CSA announced the final publication of National Instrument 45-110 Start-Up Crowdfunding Registration and Prospectus...
Changes to AML Rules – Effective on June 1, 2021
On June 1, 2021, amendments to the regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act took effect. The...
Proposed Amendments to Regulatory Functions of the Bourse de Montreal Inc.
Clients who trade derivatives over the Bourse might be interested in proposals released in late May to amend Part 4 of the Rules of the...
AODA’s June 30 Compliance Report Deadline
A friendly reminder that Ontario businesses with 20 or more employees must file a prescribed Accessibility Compliance Report due today,...
Reforms in Even Sharper Focus – IIROC and MFDA Publish Draft CFR Guidance
On June 21, both IIROC and the MFDA published proposed guidance regarding suitability that relate to the CSA’s client-focused reforms....
What Comes Next: KYC, KYP and Suitability
As the June 30th deadline for the “part one” of the Client Focused Reforms passes us in the rear-view window and we go and enjoy our long...
Social Media and Market Manipulation
In case you missed it, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC)...
MFDA’s Initiative on Improving Client Account Transfers – Will CSA Follow Suit?
On June 4, 2021, the Mutual Fund Dealers Association of Canada (MFDA) published Account Transfers – Summary of Comments (Bulletin),...