Insights
We strive to make our publications timely, useful, and digestible for the executive managers in the asset management industry. We take pride in a good pun or apt music reference.
The articles on our website aren’t intended as a complete statement of the law or an opinion any matter. Please read our Privacy Policy to learn more.
Bulletin | Wimbledon Edition | June 2022
In this bulletin edition, we discuss some tips relating to the conflicts of interest requirements, amendments to other activity reporting for registrants, the CSA’s new business plan, additional derivatives proposals and much more below.
Giving the Green Light to ESG Disclosure – CFA Institute Publishes Draft ESG Disclosure Standards for Investment Products
On May 19, CFA Institute published its Exposure Draft of ESG Disclosure Standards for Investment Products (the Exposure Draft). The draft...
To Promote or Not to Promote – Proposed New Disclosure Requirements in BC
The British Columbia Securities Commission has released for comment Proposed BCI 51-519 Promotional Activity Disclosure Requirements which...
Sixth Year Review of Women on Boards and in Executive Officer Positions
On May 18, 2021, the securities regulatory authorities in Ontario, Manitoba, New Brunswick, Nova Scotia, Quebec and Saskatchewan (the...
Can a Registrant Act as a Trustee, Executor, or Under a POA for a Client? When Are Such Activities Reportable as an OBA?
Answer: Registrants are often asked by their clients, as trusted advisors, to act as their trustee under family trusts, executors under...
How Often Should a Registered Firm Conduct Ongoing Monitoring of Their Clients’ Accounts for the Purposes of Complying with Their Anti-Money Laundering (AML) Requirements?
Answer: While it may be considered industry standard to conduct ongoing monitoring annually, FINTRAC allows registrants to determine the...
Lexology Awards
We are pleased to have been recognized once again by Lexology as the exclusive Legal Influencer for financial services commentary in...
AUM Law Presented at PMAC Conference
On May 12, AUM Law’s Chris Tooley participated as a speaker at the Portfolio Management Association of Canada (PMAC) Spring Regulatory...
AUM Law Speaks at Compliance Officers’ Network
Richard Roskies and Chris Tooley will be participating as panelists at the Compliance Officers’ Network hosted by PMAC and Borden Ladner...
A Summer for Consideration – CSA Proposes Amendments to Continuous Disclosure Obligations and Semi-Annual Reporting for Venture Issuers
On May 20, the CSA proposed amendments to NI 51-102 Continuous Disclosure Obligations in order to streamline and clarify continuous...
IIROC Seeks Expert Views on Its Proposed IIROC Expert Investor Issues Panel
IIROC is currently seeking input into a proposed framework for its new Expert Investor Issues Panel, including with respect to the panel’s...
CSA Proposed Amendments to NI 14-101 Definitions and Consequential Amendments
The CSA has proposed certain amendments to the National Instrument which sets out definitions that apply across various other national...
CSA Proposed Amendments to Designated Benchmarks and Benchmark Administrators
Certain of the securities regulatory authorities are proposing changes to Multilateral Instrument 25-102 Designated Benchmarks and...
Investment Fund Managers (IFM) Form Deadlines
For clients who are registered as investment fund managers, a friendly reminder that your initial investment funds survey responses are...
CFR Requirements Reminder
A number of new regulatory requirements regarding conflicts of interest, including referral arrangements, come into effect on June 30....
Titles, Titles and More Titles – Notice of Changes and Request for Further Comment on Financial Professionals Title Protection Rule
On May 11, 2021, the Financial Services Regulatory Authority of Ontario (“FSRA”) proposed for a second time Rule 2020-001 Financial...