Insights
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Bulletin | End of Year Edition | December 2023
This month’s bulletin is filled with insights on regulatory changes relevant to the investment management industry, updates on expectations, advertising advisor awards, binding decision proposals and reminders of important upcoming filing deadlines.
A Trip Around Alberta – ASC Releases 2023 Annual Report
On June 21, 2023, the Alberta Securities Commission (ASC) released its 2023 Annual Report, detailing its achievements in the final year of...
CSA Provides Temporary Relief from Filing Reports of Exempt Distribution through SEDAR+
The Canadian Securities Administrators (CSA) announced on July 20 with effect from July 21, 2023, that they were issuing substantively...
Consultation Paper issued on Title Protection Framework
The Manitoba government has joined Québec, Ontario, Saskatchewan and New Brunswick in considering or implementing legislation respecting...
CSA Amends Rules to Provide for Commodity Benchmarks
As we first mentioned approximately two years ago, a number of the securities regulatory authorities, including the Ontario Securities...
CIRO Republishes Proposals for Derivatives Rule Modernization
On July 13, the Canadian Investment Regulatory Organization (CIRO) released for the third time proposed amendments to modernize and...
Reminder: Everything Old is New Again – Interim Financial Statements
For collective investment vehicles with December 31 year ends, upcoming interim financial statement deadlines should be on your radar. In...
FSRA Consults Further on the UDAP Rule and Impactful Fee Choices
The Financial Services Regulatory Authority of Ontario (FSRA) released for consultation a second set of amendments relating to Rule 2020 –...
Federal Review of AML Regime with Global Implications
The Department of Finance Canada released a sweeping consultation paper with respect to Canada’s anti-money laundering and anti-terrorist...
CIRO’s Annual Priorities Released: Star Map Set for the New Regulator
Effective January 1, 2023, the New Self-Regulatory Organization of Canada (New SRO) – the amalgamated self-regulatory body formed from the...
CSA Launches TCR Implementation Committee
On June 13, the Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators (CCIR), with the participation...
CSA Defers Launch of SEDAR+
On June 1, the Canadian Securities Administrators (CSA) issued an update announcing that the much anticipated launch of SEDAR+ was being...
CSA’s Review of Chargebacks Soon to Take Off
The use of chargebacks in the mutual fund industry is the latest practice to draw the focus of Canadian regulators who have been set on...
Taking Action to Extend Moratorium on Institutional Trade Match Reporting
As we first described in our April 2020 bulletin, securities commissions across the country granted exemptions to certain requirements in...
RegTech 24/7 – OSC Releases First Report on TestLab
This month, the Ontario Securities Commission (OSC) published its first report (the Report) on the OSC TestLab, a regulatory sandbox...
What’s on the AMF’s Agenda this Year? 2023-2024 Annual Statement of Priorities Published
In 2021, the Autorité des marchés financiers (AMF) released its 2021-2025 Strategic Plan, which declared the AMF’s four key guiding...