Insights
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Bulletin | Polar Vortex Edition | January 2024
While we can’t stop or predict the polar vortex, we can help you navigate any impending dynamic regulatory storm by providing you with timely information on new and proposed amendments that impact your business.
OSC Report on Artificial Intelligence in Capital Markets
This month, the Ontario Securities Commission (OSC) in collaboration with Ernst & Young LLP published its first report (the Report) on...
Report on OBSI Oversight
On October 12, 2023, the Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) published...
FSRA Seeks Consultation on Proposed Statement of Priorities for FY 2024-2025
On October 10, 2023, the Financial Services Regulatory Authority of Ontario (FSRA) launched a public consultation on its proposed...
Shorter Consultation Periods Proposed
The Ministry of Finance in Ontario (Ministry) released a consultation last month that would impact the time the public is afforded to...
OSC Proposes Amendments to Fee Rules for Non-Compliant Firms and Restricted Dealers
The Ontario Securities Commission (OSC) has proposed amendments to OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees...
CSA and CIRO Responses on Short Selling Consultation
The Canadian Investment Regulatory Organization (CIRO) and the Canadian Securities Administrators (CSA) recently released Staff Notice...
Reminder: Annual Filing Exempt Trade Reports Deadline Quickly Approaching
It is never too early to think about filing exempt trade reports for investment fund issuers that file on an annual basis. Investment...
AUM Law Spoke at the PMAC AML and ATF Training Session
Don’t change that dial; on November 30 AUM Law’s Chris Tooley participated as a speaker for the third year in a row at the Anti-Money...
Proud Repeat Sponsor of the PMAC National Conference
We are proud to have sponsored the Portfolio Management Association of Canada (PMAC) Annual Conference, alongside Borden Ladner Gervais...
2023 CCLS Education Sub-Committee Event
AUM is happy to have sponsored the Conduct, Compliance and Legal Section (CCLS) Education Sub-committee of the Canadian Investment...
Canada’s Annual AIMA’s Regulatory Forum
AUM Law’s founder Kevin Cohen had the pleasure of moderating the annual AIMA Canada Regulatory Forum, which discusses a number of current...
Derivatives: Business Conduct – A Labyrinth of Compliance Obligations
The Canadian securities regulators adopted a business conduct rule for derivatives dealers and advisers which will become effective on...
AML/ATF Obligations for Mortgage Lenders are Here
As noted in our June, 2023 bulletin article, the Department of Finance Canada is considering sweeping amendments to Canada’s anti-money...
Reporting on Diversity – A Spellbinding Challenge
On October 5, 2023, the Canadian Securities Administrators (CSA) released CSA Multilateral Staff Notice 58-316 (the Notice) – their ninth...
Regulators Begin Focused Compliance Sweeps
It appears that the long promised regulatory KYC, KYP and suitability audits have begun. Regulators have started reaching out to conduct...