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Bulletin | Roll up Your Sleeves Edition | September 2020
The regulators have been busy, so it’s time to roll up our sleeves and get to work. In this month’s bulletin, we discuss the OSC’s annual registrant report card, the CSA’s new FAQ guidance on the CFRs, proposed changes to the offering memorandum exemption and much more.
CSA FAQ Guidance on Client-Focused Reforms – Part 2
On September 28, the Canadian Securities Administrators (CSA) published guidance in the form of responses to frequently asked questions...
Get Your Copy of AUM Law’s Updated Guide to the Client-Focused Reforms
In October 2020, the Canadian Securities Administrators (CSA) finalized their client-focused reforms to National Instrument 31-103...
CSA Publishes FAQ Guidance on the Client-Focused Reforms
On September 28, the Canadian Securities Administrators (CSA) published guidance in the form of responses to frequently asked questions...
OSC’s CRR Branch Publishes Its Annual Report on Registrants
On September 14, staff of the Compliance and Registrant Regulation (CRR) Branch at the Ontario Securities Commission (OSC) published their...
CSA Proposes Changes to Offering Memorandum Prospectus Exemption
On September 17, the Canadian Securities Administrators (CSA) published for comment proposed changes to the offering memorandum (OM)...
CSA Ban on Certain Trailing Commissions to Take Effect in June 2022
On September 17, the Canadian Securities Administrators (CSA) published final rule amendments (Amendments) to National Instrument 81-105...
CSA Publishes Liquidity Risk Management Guidance for IFMs
On September 18, the Canadian Securities Administrators (CSA) published Staff Notice 81-333 Guidance on Effective Liquidity Risk...
OSFI Consults on Core Principles for Operational Resilience in a Digital World
On September 15, the Office of the Superintendent of Financial Institutions (OSFI) published Developing Financial Sector Resilience in a...
FSRA Fines Fortress for Operating without a License
As readers of our bulletin know, the Financial Services Regulatory Authority of Ontario (FSRA) is a relatively new regulatory agency that,...
FSRA Consults on Service Standards
On September 24, the Financial Services Regulatory Authority of Ontario (FSRA) published for comment 22 proposed service standards...
CSA Finalizes Amendments to Syndicated Mortgages Regime, while OSC and FSRA Publish Local Rules and Guidance for Comment
On August 6, the Canadian Securities Administrators (CSA) published final amendments to national rules affecting the prospectus and...
FSRA Consults on Rules and Guidance for the Use of Financial Advisor and Financial Planner Titles
On August 13, the Financial Services Regulatory Authority of Ontario (FSRA) published for comment Proposed Rule [2020-001] Financial...
Ontario Consults on Potential Reforms to Privacy Legislation
On August 13, the Ontario Ministry of Government and Consumer Services (Ministry) launched a consultation (Consultation) regarding...
CSA Publishes Report on How CRM2 Reforms and Mutual Fund Point-of-Sale Rules Have Affected Investor Knowledge, Attitudes and Behaviour
On August 27, the Canadian Securities Administrators (CSA) published a report on their four-year study of what individual investors think...
CSA Raises the Bar on Threshold for Business Acquisition Reports
On August 20, the Canadian Securities Administrators (CSA) published final amendments (Amendments) to the business acquisition report...