Apr 23, 2021 | Featured, Nutshell Series
Industry participants are re-thinking their business operations as a result of mortgage lenders no longer being able to operate outside of a securities law regime as of March 1, 2021. Many lenders that previously qualified investors on a deal by deal basis in order to...
Mar 31, 2021 | Featured, Nutshell Series
On February 4, 2021, the Canadian Securities Administrators (CSA) published for comment Proposed Amendments to NI 33-109 and Related Instruments – Modernizing Registration Information Requirements, Clarifying Outside Activity Reporting & Updating Filing Deadlines...
Feb 26, 2021 | Investment Funds, News, Regulatory Compliance
In response to the recently released report by Ontario’s capital markets modernization taskforce containing 70 plus recommendations (summarized in our January bulletin), the Canadian Securities Administrators (CSA), excluding the Ontario Securities Commission (OSC),...
Feb 26, 2021 | Investment Funds, Regulatory Compliance
In response to the recently released report by Ontario’s capital markets modernization taskforce containing 70 plus recommendations (summarized in our January bulletin), the Canadian Securities Administrators (CSA), excluding the Ontario Securities Commission (OSC),...
Feb 26, 2021 | Regulatory Compliance
On February 4, the Canadian Securities Administrators (CSA) released a number of proposed changes to certain initial and ongoing regulatory reporting requirements for registrants. The CSA is inviting comments on these proposals by May 5. Some of the highlights of...
Feb 26, 2021 | Client-Focused Reforms (CFRs), Regulatory Compliance
Richard Roskies, Senior Counsel at AUM Law, recently sat down with Parham Nasseri from InvestorCOM to discuss the Client Focused Reforms and practical approaches for investment dealers and advisors to meet their KYP obligations. Parham: What are your thoughts on how...
Jan 29, 2021 | Investment Funds, Regulatory Compliance
On January 28, the Canadian Securities Administrators (CSA) issued temporary blanket relief, which is expected to be codified at a later date. This relief expands the list of courses that allow mutual fund dealing reps to sell liquid alt funds thereby increasing...
Jan 29, 2021 | Client-Focused Reforms (CFRs), News, Regulatory Compliance
On September 28, the Canadian Securities Administrators (CSA) published guidance in the form of responses to frequently asked questions (FAQs) about how to interpret and implement the client-focused reforms (CFRs) to National Instrument 31-103 Registration...
Dec 11, 2020 | News, Regulatory Compliance
On December 10, the Canadian Securities Administrators published guidance (including “recommended best practices”) for issuers and insiders on the establishment, use and disclosure of automatic securities disposition plans. These plans enable insiders to make...
Dec 11, 2020 | Corporate Law, Regulatory Compliance
On December 10, the OSC published a report on recent capital raising activity in the exempt market by corporate (i.e., non investment-fund issuers). As noted in CSA press release, the report revealed that while there has been notable year-over-year growth in the...
Dec 11, 2020 | Client-Focused Reforms (CFRs), News, Regulatory Compliance
The Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) have both published a set of proposed changes to self-regulatory rules designed to conform to the provisions of the Canadian Securities...
