You may have received the OSC’s recent notes reminding you to complete and submit its interactive 2014 Risk Assessment Questionnaire (RAQ) via a dedicated url by July 21, 2014.
Click the link to read more. >> AUM Law Bulletin OSC RAQ June 2014
We have previously notified clients about upcoming changes related to the following:
– Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations
– Canada’s Anti-Spam Legislation
– CRM2
– the Ombudsman for Banking Services and Investments
– the Foreign Account Tax Compliance Act
Certain changes will be taking effect imminently, requiring you to update your compliance program, including account opening documents and training of employees.
Click the link to access our bulletin summarizing these changes. >> AUM Law Bulletin The regulations, the are a-changin’ June 2014
Investment funds with a financial year-end of December 31, 2013 must file Form 45-106F1 – Report of Exempt Distribution by January 30, 2014 with the applicable provincial securities regulator.
Click the link for further information. > > AUM Law Bulletin Report of Exempt Distribution Filings January 2014
Under section 14.14 of National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103), advisers and dealers are required to deliver an account statement to their clients at least once every three months. The Ontario Securities Commission in its 2012 annual review of advisers, dealers and investment fund managers found that a common deficiency amongst registrants was that they did not deliver these account statements in accordance with this rule.
The purpose of this bulletin is to help clarify these requirements and assist firms in staying on-side with legislation.
Click the link to read more. > > AUM Law Bulletin Account Statement Recommended Guidelines March 2013