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Bulletin | Winter is Here Edition | November 2021
While some of us were surprised by all the snow in Ontario at the end of November, it was just another reminder that the holidays and the new year are just around the corner! Time to kick your feet up, relax and get cozy with our last bulletin of 2021. We hope you find it helpful, and we wish all of our subscribers a happy new year!
NASAA Task Force Targets COVID-19 Fraudsters
On August 19, the North American Securities Administrators Association (NASAA) reported on the activities of its COVID-19 Enforcement Task...
OSC Issues Interim Prospectus and Registration Exemptions to Facilitate Crowdfunding
In our February 2020 bulletin, we reported on proposed National Instrument 45-110 Start-up Crowdfunding and Registration Exemptions (NI...
Are You Prepared to Deal with Colleagues Experiencing Diminished Capacity?
The Senior Issues and Diminished Capacity Committee (Committee) of the North American Securities Administrators Association (NASAA), which...
Do registered individuals (and applicants for registration) have to disclose offenses they have been charged with, if the matter hasn’t been adjudicated yet?
Item 14.1 of Form 33-109F4 Registration of Individuals and Review of Permitted Individuals (Form 33-109F4) requires individual applicants...
How does a registered firm’s UDP certify their firm’s 2020 RAQ responses if the UDP doesn’t have online access to the survey?
As we mentioned in our May 2020 bulletin, Ontario-registered firms must submit online their 2020 Risk Assessment Questionnaire (RAQ)...
Watch Out or Wash Out: Coinsquare Executives Learn That Innovation Isn’t a Free Pass to Violate Securities Laws
On July 21, the Ontario Securities Commission (OSC) approved a settlement agreement (Settlement) with Coinsquare Ltd. (Coinsquare) and...
CSA Publishes Guidance on Flexible CCO Arrangements
On July 2, the Canadian Securities Administrators (CSA) published Staff Notice 31-358 Guidance on Registration Requirements for Chief...
Ontario’s Capital Markets Modernization Task Force Releases Consultation Report
Inventions, apologies, clean water and comedians. Canada is great at many things. Add to that list our tolerance for studies of our...
IOSCO Consults on Revised Principles for Outsourcing
On May 28, the International Organization of Securities Commissions (IOSCO) published for comment revised Principles on Outsourcing...
Temporary Relief from Certain Requirements for Registrants and Unregistered Capital Markets Participants Extended
On May 30, the Canadian Securities Administrators (CSA) announced that most member regulators including the Ontario Securities Commission...
IOSCO Consults on Regulatory Measures for Asset Managers’ and Market Intermediaries’ Use of Artificial Intelligence
On June 25, the International Organization of Securities Commissions (IOSCO) published a draft report and proposed guidance (Report)...
CSA Publishes Interim Progress Report on Its 2019-2022 Business Plan
On June 30, the Canadian Securities Administrators (CSA) published an Interim Progress Report on the CSA’s 2019-2022 Business Plan...
OSC Publishes 2020-2021 Statement of Priorities and Its 2019-2020 Report Card
A. Priorities for the Coming Year On June 25, the Ontario Securities Commission (OSC) published its annual Statement of Priorities (SOP)....
Federal Court of Appeal Rules on Constitutionality and Application of Canada’s Anti-Spam Legislation
Earlier this month, the Federal Court of Appeal (Court) dismissed CompuFinder’s appeal of two related compliance and enforcement decisions...
CSA Members Say They’ve Made It Easier to Register Client Relationship Management Specialists
On June 10, the Canadian Securities Administrators (CSA) announced steps, effective immediately, to make it easier for advising...