Tag: cyber-security
May 30, 2024 | Corporate Finance, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
Earlier this month, the Office of the Superintendent of Financial Institutions (OSFI) released its annual risk outlook for 2024 to 2025. Each year, OFSI releases this report, which provides an overview of the current risk environment facing the Canadian financial...
Feb 29, 2024 | Canadian Investment Regulatory Organization (CIRO), Regulatory Compliance
Regulators are often warning firms about the importance of cyber security readiness and the obligations of registrants to ensure that that there is a documented incident response plan to address cyber security incidents. The Canadian Investment Regulatory Organization...
Feb 28, 2023 | BLG Resource Corner
Our colleagues at BLG have provided the following insights we thought might interest our readers: Managing privacy and cyber risks in M&A transactions The Investment Funds Rule Book SEDAR+ is Coming – Will You be Ready? New CSA Exemption Provides Clarity for CBCA...
Oct 31, 2022 | Investment Funds, Regulatory Compliance
On October 14, 2022, the Compliance and Registrant Regulation (CRR) Branch of the Ontario Securities Commission (OSC) published its annual summary report in OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers (the Report). The...
Aug 17, 2022 | Corporate Finance, Cyber-security and Data Privacy, Regulatory Compliance
The Office of the Superintendent of Financial Institutions (OSFI) has released its final Guideline B-13 Technology and Cyber Risk Management, which sets out OSFI’s expectations for federally regulated financial institutions (FRFIs) with respect to how they should...
Aug 31, 2021 | BLG Resource Corner
Our colleagues at BLG LLP have written a number of thought-provoking articles our readers may be interested in, including the following: OSFI updates Technology and Cyber Security Incident Reporting Advisory This is not a test….Ontario’s Not-for-Profit Corporations...
Jun 30, 2021 | Cyber-security and Data Privacy, Regulatory Compliance
In case you missed it, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) published a joint statement on February 1, 2021 around the time when trading in GameStop Corp., AMC Entertainment Holdings Inc.,...
Dec 11, 2020 | Client-Focused Reforms (CFRs), Corporate Finance, Corporate Law, COVID-19, Cyber-security and Data Privacy, Mortgage and Real Estate Investment Vehicles, News, Regulatory Compliance
How do you summarize a year like no other in history? Well, the shift to a remote work environment didn’t do much to slow our regulators who, along with the Canadian asset management industry, rose to meet the multi-faceted challenges presented by the COVID-19...
Oct 30, 2020 | Cyber-security and Data Privacy, Regulatory Compliance
In April, we wrote that the Financial Stability Board (FSB) was seeking comment on 46 recommended cyber incident response and recovery (CIRR) practices for financial institutions. On October 19, the FSB published its final “toolkit” consisting of 49 recommendations...
Sep 30, 2020 | Cyber-security and Data Privacy, Regulatory Compliance
On September 15, the Office of the Superintendent of Financial Institutions (OSFI) published Developing Financial Sector Resilience in a Digital World: Selected Themes in Technology and Related Risks (Discussion Paper) for comment. Although OSFI’s mandate concerns...
May 29, 2020 | COVID-19, News, Regulatory Compliance
During the Spring Regulatory and Compliance Webinar organized by the Portfolio Management Association of Canada (PMAC) on May 27, a member of the Compliance and Registrant Regulation Branch (Branch) at the Ontario Securities Commission (OSC) updated attendees on the...
Apr 30, 2020 | COVID-19, Cyber-security and Data Privacy, Regulatory Compliance
As we mentioned in last month’s article on business continuity plans (BCPs), the COVID-19 pandemic has brought with it heightened cyber-security risks. Now more than ever, registered firms need to maintain robust cyber-security policies and procedures, monitor...
Mar 31, 2020 | COVID-19, Cyber-security and Data Privacy, FAQs, Regulatory Compliance
In light of the COVID-19 outbreak, many registered firms are implementing their business continuity plans (BCPs) and having their employees work from home, except where certain individuals need to access office facilities to ensure continued service to clients. In...
Jan 31, 2020 | Regulatory Compliance
On December 20, 2019, the Investment Industry Regulatory Organization of Canada (IIROC) published its annual compliance report, which covers recent and current initiatives as well as 2020 priorities. And on January 9, 2020, the U.S. Financial Industry Regulatory...
