Insights
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Bulletin | Victoria Day Edition | May 2023
We hope this May Two-Four edition helps refresh your inbox during the unofficial start of summer with summaries of important regulatory reports and future changes.
CSA Has a Game Plan – 2022-2025 CSA Business Plan
The Canadian Securities Administrators (CSA) released its 2022-2025 Business Plan on June 27, 2022. As noted in the message from the new...
Not Yet Game, Set, Match – Additional OTC Derivatives Proposals
The Ontario Securities Commission (OSC) released a request for comment on June 9th relating to derivatives data reporting requirements in...
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...