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.
Thrills and Chills – OSC Releases its Annual Summary Report for Registrants
On October 14, 2022, the Compliance and Registrant Regulation (CRR) Branch of the Ontario Securities Commission (OSC) published its annual...
Accredited Investor Exemption Effectively Expanded in Ontario – No Bones About it
On September 25, 2022, the Ontario Securities Commission (OSC) announced that it had adopted an exemption from the prospectus requirements...
A Book a Day Keeps the Monsters Away – IIROC Requests Expressions of Interest for Enhanced Proficiency Regime
Earlier this month, the Investment Industry Regulatory Organization of Canada (IIROC) released a request for Expressions of Interest for...
CSA Announces Intentions for OBSI – No Tricks
In early October, the Canadian Securities Administrators (CSA) announced the development of a proposal for public comment which would...
Important Reminders: Spooktacular Annual Fee Payments are Almost Due
A friendly reminder that registered firms in Ontario and foreign firms that rely on certain exemptions from the registration requirements...
Important Reminders: Don’t be Frightened – Individual Registrant Form Updates
As we also described in our June bulletin, it is expected that it may take some firms a significant amount of time to amend an individual...
Lexology Awards
We are pleased to have been recognized once again by Lexology as the exclusive Legal Influencer for financial services commentary in...
PMAC National Conference November 16
We are proud to be sponsoring the Portfolio Management Association of Canada (PMAC) Annual Conference, alongside Borden Ladner Gervais...
Discussion Paper Released on Upfront Compensation for Segregated Funds and IVICs: Transition Time
The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) are consulting on...
Back to the Books: OSC Study Finds Many Investors Overestimate Their Knowledge
The Ontario Securities Commission’s (OSC’s) Investor Office leads the OSC’s efforts in investor engagement, education, outreach and...
Amendments to National Instrument 45-106 on the Horizon as the Listed Issuer Financing Exemption Takes Flight
In the Canadian Securities Administrators’ (CSAs’) ongoing efforts to reduce regulatory burden and better provide for cost-effective...
Not All Autumn Skies and Apple Pies – Could New Trust Tax Reporting Rules Apply to You?
In August, the Canada Revenue Agency (CRA) released proposed legislation (that was first introduced in 2018) that if enacted will expand...
It’s Getting Cooler but the Regulators are Heating Up: Review of Mutual Fund Sales Practices
In early September, the Canadian Securities Administrators (CSA) began reviewing the sales practices of certain mutual funds, namely those...
New School Year, New Potential Disclosure Policies from the Department of Finance Canada
Last month, the Department of Finance Canada released a consultation paper related to proposed changes to the existing governance...
Things to Contemplate Post-Equinox: IIROC Releases Third Phase of Competency Profiles for Comment
In late August, IIROC released the final phase of its multi-year consultation to set base line competency profiles for all of its...