Insights
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Bulletin | The Telly Edition | November 2023
Speaking of accurate and engaging content, we hope you enjoy the following regulatory updates from out latest bulletin.
BLG Fall Webinar: Focus on CIRO
On September 20, William (Bill) Donegan spoke alongside Borden Ladner Gervais LLP (BLG) lawyers at a BLG’s Investment Management webinar....
OSC Staff Summary Report for Investment Fund and Structured Product Issuers
On September 13, 2023, the Ontario Securities Commission (OSC) published Staff Notice 81-734 Summary Report for Investment Fund and...
Joint CSA and CIRO Review of Registrants’ Conflicts of Interest Practices
Since the implementation of the Client Focused Reforms (CFRs), the Canadian Securities Administrators (CSA) and staff of the Canadian...
CSA Year in Review; Fall’s Well that Ends Well
This month, the Canadian Securities Administrators (CSA) released its ‘Year in Review’ which summarizes the activities of the provincial...
CSA Turn Over a New Leaf and Repeal NI 81-104
National Instrument 81-104 Alternative Mutual Funds (NI 81-104) has been repealed by all members of the Canadian Securities Administrators...
Apple-y Ever After? FSRA Finalizes Fee Rule
The Financial Services Regulatory Authority of Ontario (FSRA) has released its final fee rule in Rule 2022-001 Assessments and Fees. This...
CIRO Proposes Clarifications to Proficiency Requirements
In late August, the Canadian Investment Regulatory Organization (CIRO) released Bulletin 23-0096 Proposed Clarifying Amendments to...
CSA Proposes Expedited Shelf Prospectus Regime
The Canadian Securities Administrators (CSA) have released proposed amendments to National Instrument 44-102 Shelf Distributions and its...
Reminder: Don’t Be a Bad Apple: Capital Markets Participation Fee Deadlines
Registrants in Ontario should have already received an email directly from the Ontario Securities Commission (OSC) reminding them of the...
Misleading Communications and Advisor Ranking Contests
Staff from the Canadian Securities Administrators (the CSA) and the Canadian Investment Regulatory Organization (CIRO) recently issued a...
Summer Supervision: FSRA’s Plan for Credentialing Bodies
In 2019, the Ontario government introduced the Financial Professionals Title Protection Act (FPTPA) which established minimum standards...
Ministry of Finance Quietly Proposes New Authorized Purposes for Enforcement Money
Earlier this month, the Ontario Ministry of Finance released a proposed new regulation under the Securities Commission Act, 2021 which...
Is it Hot in Here? CSA to Review Exchange-Traded Funds
On August 10, the Canadian Securities Administrators (CSA) announced that it will be reviewing exchange-traded funds (ETFs) in Canada,...
Trade Matching Guidelines Date Extended – Making Every Minute Count
Earlier this month, the Canadian Securities Administrators (CSA) released Staff Notice 24-319 that outlines their position and...
FSRA’s Keeping the Pressure on Unlicensed Persons
The Financial Services Regulatory Authority of Ontario (FSRA) opened a short consultation late last month on proposed guidance respecting...