Insights
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Bulletin | Anti-Boredom Edition | July 2023
While it is hard to believe we have already reached mid-summer, it is almost harder to believe that July was designated as Anti-Boredom Month! Read more about our exciting monthly bulletin dedicated to summarizing updates and changes in the regulatory compliance world.
Potential Extension of FINTRAC Requirements to the Mortgage Industry – There’s no Place Like Home
Registered dealers and advisers are well versed in the AML requirements contained in the Proceeds of Crime (Money Laundering) and...
Important Reminders: SEDAR+ Will be Here June 13 – Adding to the Family
All issuers that currently file on SEDAR will have to undertake a number of steps to ensure access to the new SEDAR+ system, which the...
Important Reminders: Reporting Up – CCO Reports for Many Firms Due Soon
National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations sets out the obligations of a...
AUM Law Team Members Announcements
We are delighted to welcome Iva Vranic as a Senior Legal Counsel to AUM Law. Iva’s practice focuses on securities law, specifically...
Changes to Offering Memorandum Prospectus Exemption – Will New Issues be Grounded?
On December 8, 2022, the Canadian Securities Administrators (CSA) published amendments (the Amendments) to National Instrument 45-106...
Ontario’s Exempt Market (But Not Penguins) See Continued Growth
On December 7, 2022, the Ontario Securities Commission (OSC) published OSC Staff Notice 45-718 – Ontario’s Exempt Market, a report on...
FSRA Announces Consultation on Proposed Guidance on IT Risk Management – Filtering Out the Salt
The Financial Services Regulatory Authority of Ontario (FSRA) published proposed guidance on IT risk management (the Guidance) for...
Can’t Stay on an Island – CSA Publishes Amendments Relating to Institutional Trade Matching and Settlement
The Canadian Securities Administrators (CSA) recently published for comment proposed amendments to National Instrument 24-101...
Not All Penguins Are Short: Short Selling in Canada Consultation
The Canadian Securities Administrators (CSA) and IIROC (as it was then known) released Joint CSA and IIROC Staff Notice 23-329: Short...
Review of IIROC Arbitration Program – No Camouflage
IIROC released a consultation paper in December regarding its arbitration program, which was last reviewed in 2011. The program requires...
A Little Breathing Room – FSRA Announces Additional Time to Comply with Title Protection Framework in Ontario
The Financial Services Regulatory Authority of Ontario (FSRA) announced in December that it was giving industry participants that use the...
All Things Endangered – AMF Proposes DSC Ban for Segregated Funds
The Autorité des marchés financiers (AMF) recently released a draft regulation that would prohibit the use of deferred sales charges when...
Penguins Can’t Complain – AMF Re-Releases Draft Regulation on Complaint Processing
The Autorité des marchés financiers (AMF) released another draft regulation relating to complaint handling, which is being published for...
Important Reminders: New Year’s Survey: Investment Fund Managers
By the time you are reading this reminder, investment fund managers registered in Ontario will have received the 2023 Investment Fund...
OSC Announces New Registrant Advisory Committee Members – AUM’s Richard Roskies Included
On December 16, 2022, the OSC announced the members of the Registrant Advisory Committee (RAC) for the 2023-2024 term. The RAC is composed...