Insights
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Bulletin | Heatwave Edition | August 2021
This month, we write about the OSC’s finalized 2021-2022 priorities, the OSC’s guidance on document production and its annual report for registrants. A number of regulators have released proposals with respect to title protection frameworks and there are many more updates below!
AUM Law’s COVID-19 Response
In light of the continued spread of COVID-19, we want our clients to know that we have business continuity plans in place that enable us...
Is This the Very Model of a Modern SRO?
On February 3, the Mutual Fund Dealers Association (MFDA) released A Proposal for a Modern SRO (Special Report) and an accompanying...
FAQ Corner: What are some things to watch out for when we describe our firm and its representatives in marketing materials or on social media?
Answer: Registrants have an obligation to deal fairly, honestly and in good faith with their clients. Among other things, this means that...
SEC Commissioner Pierce Leapfrogs Her Commission with Proposed Safe Harbour for Token Offerings
Earlier this month, U.S. Securities and Exchange Commissioner Hester Pierce made a speech proposing a time-limited safe harbour for crypto...
Our Client-Focused Reforms in a Nutshell Publication Is Ready
To make your life easier, we have consolidated the articles we’ve written to date on the client-focused reforms (CFRs) to National...
OPC Consults on Regulation of Artificial Intelligence
On January 28, the Office of the Privacy Commission (OPC) published its Proposals for Ensuring Appropriate Regulation of Artificial...
CSA Re-Proposes Rules on Non-GAAP and Other Financial Measures Disclosure
On February 13, the Canadian Securities Administrators (CSA) published a second notice and request for comments (Revised Proposal) on...
If They Build It (Again), Will They Come? The CSA Proposes a Harmonized, Start-up Crowdfunding Regime
On February 27, the Canadian Securities Administrators (CSA) published for comment proposed National Instrument 45-110 Start-up...
OSC Goes Its Own Way as CSA Finalizes Rule on Embedded Commissions
On February 20, the Canadian Securities Administrators except the Ontario Securities Commission (Participating Jurisdictions) published a...
Bulletin | Year of the Rat Edition | January 2020
In this bulletin: Client-Focused Reforms: A Closer Look at the Misleading Communications, RDI, Compliance Training and Record-Keeping...
Get Ready to RAQ and Roll
Ontario Securities Commission (OSC) staff have begun notifying registrants that they will receive a risk assessment questionnaire (RAQ) on...
Client-Focused Reforms: A Closer Look at the Misleading Communications, RDI, Compliance Training and Record-Keeping Rules
As we reported in our October 2019 special bulletin, the Canadian Securities Administrators (CSA) have finalized their client-focused...
IIROC Fines Registered Representative for His Coulda Shoulda Woulda KYC
A recent settlement between the Investment Industry Regulatory Organization of Canada (IIROC) and a registered representative...
ASC Schools Registrants on Compliance with OM Exemption
On January 16, the Alberta Securities Commission (ASC) published Staff Notice 45-705 Compliance with Investment Limits under the Offering...
FAQ Corner: Can an advising representative act as the executor of an estate on behalf of a client?
Answer: The Investment Industry Regulator Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) have...