Year: 2015

Bulletin | The regulations, they are a-changin’… | 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

Bulletin | Account Statement Recommended Guidelines | March 2013

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