Insights
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Bulletin | March Break Edition | March 2023
March Break may have just passed, but it is still important to periodically take time to relax, reflect and recharge.
No Interference – IIROC Sets Priorities for 2023
As we reported in our May 2022 Bulletin, the Canadian Securities Administrators (CSA) are consulting on the application to consolidate the...
Got Game? Independent Evaluation of OBSI Released
On June 13, 2022, the Independent Evaluation of the Ombudsman for Banking Services and Investments (OBSI) [investments mandate] was...
Important Reminders: Succession Planning – Avoiding No Man’s Land
What would happen to your firm and clients in the event your registered individuals are no longer able to perform their registerable...
Important Reminders: Don’t Double Fault: F4 Updates and Exempt Trade Reports Take Time
As referenced in our article above, the amendments to National Instrument 33-109 Registration Information (NI 33-109) are now in force. As...
Shining a Spotlight on Fees – Total Cost Reporting is Here
As noted in our April bulletin, the Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators (CCIR)...
Kicking Off a New Regime – Application for Recognition of New Self-Regulatory Organization
The Canadian Securities Administrators (CSA) has taken one step closer to realizing on its recommendations to consolidate the two existing...
Investor Protection Funds in the Limelight – Application for Approval of the New Investor Protection Fund
In mid-May, the Canadian Securities Administrators (CSA) released CSA Staff Notice 25-305 Application for Approval of the New Investor...
Amendments Relating to the Transition for Québec Mutual Fund Dealers to the New SRO – The Plot Thickens
The Autorité des marchés financiers (AMF) has proposed a Regulation to amend Regulation 31-103 respecting Registration Requirements,...
CSA Annual Activities Report on the Oversight of Self-Regulatory Organizations and Investor Protection Funds
Despite the impending consolidation of IIROC and the MFDA discussed earlier in this bulletin, staff of the Canadian Securities...
Encouraging Dialogue – FSRA’s New Whistle-Blower Program: Enhanced Protection in the Non-Securities Financial Services and Pensions Sectors
Recent amendments to the Financial Services Regulatory Authority of Ontario Act, 2016 (FSRA Act), effective April 29, 2022, marks the...
Important Reminders: Modernizing Registration Information Requirements, Clarifying Outside Activity Reporting and Updating Filing Deadlines
A friendly reminder that amendments to legislation clarifying the “Outside Activity” (OA) reporting framework and modernizing registration...
Important Reminders: Update Your SEDAR Profile – It’s Crunch Time
As the Canadian Securities Administrators (CSA) continue to work toward SEDAR+ as its new filing portal - now scheduled to be implemented...
FAQ Corner: CFR FAQ – The Sequel
Since the enhancements introduced as part of the Client Focused Reforms (CFR) came into force in 2021, the Canadian Securities...
It’s Still Ongoing – OSC Continues with its Conflict of Interest Focused Reviews
In early March, a number of registrants were selected by staff at the Ontario Securities Commission (OSC) to undergo a focused review on...
Improved ESG Disclosure in Scope as CSA Targets Changes to National Instrument 43-101 Standards of Disclosure for Mineral Projects
Canada has a long and storied mining heritage and continues to be a global leader for mineral investment. However, since the last 2011...