Jun 27, 2024 | Investment Funds, Regulatory Compliance
On May 27, 2024, the Financial Services Regulatory Authority of Ontario (FSRA) launched a public consultation on its new proposed rules that will affect all insurers that offer customers individual variable insurance contracts (also known as individual segregated...
Jun 27, 2024 | Regulatory Compliance
As you may recall reading in our earlier bulletin articles, amendments to National Instrument 45-106 Prospectus Exemptions (NI 45-106) that took effect on March 8, 2023 (the Amendments) require issuers that rely on the offering memorandum (OM) prospectus exemption in...
Apr 24, 2024 | Corporate Finance, Investment Funds, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) have extended the prospectus exemption available to certain self-certified investors in ASC Blanket Order 45-538 Self-Certified Investor Prospectus...
Mar 28, 2024 | Client-Focused Reforms (CFRs), Regulatory Compliance
Registrants are reminded that your basement is not the only thing that may need some spring cleaning – it may be time to dust off the product shelf and review your Know-Your-Product (KYP) documentation to ensure it is up to date. With securities regulators likely...
Jan 31, 2024 | Investment Funds, Regulatory Compliance
On January 10, 2024, the Ontario Securities Commission, in partnership with Ipsos, released the results of a survey of Canadians 50 years and older that identified and addresses the needs of older investors. The survey detailed eight key findings from the survey,...
Oct 31, 2022 | Investment Funds, Regulatory Compliance
Registrants should be mindful of an uptick in regulatory scrutiny relating to conflicts of interest, as we first noted in our June 2022 bulletin here. As a reminder, the Client Focused Reforms (CFRs) pursuant to National Instrument 31-103 Registration Requirements,...
Oct 31, 2022 | Investment Funds, Regulatory Compliance
In early October, the Canadian Securities Administrators (CSA) announced the development of a proposal for public comment which would provide the Ombudsman for Banking Services and Investments (OBSI) with binding authority. Currently, all registered advisers and...
Jun 30, 2022 | COVID-19, Investment Funds, Regulatory Compliance
On June 13, 2022, the Independent Evaluation of the Ombudsman for Banking Services and Investments (OBSI) [investments mandate] was released. In accordance with its Terms of Reference and a Memorandum of Understanding between the Canadian Securities Administrators...
Feb 26, 2021 | FAQs, Investment Funds, Regulatory Compliance
Answer: When considering an investment in a reporting issuer, we often get questions on whether the early warning reporting (EWR) requirements apply and whether a report is required under National Instrument 62-104 Take-Over Bids and Issuer Bids or National Instrument...
