Feb 28, 2022 | Anti-Money Laundering, Economic Sanctions, Regulatory Compliance
As has been widely reported in the media, the Emergency Economic Measures Order under the Emergencies Act (Canada) had immediate consequences for registered firms. While the use of the Act has now ended, orders such as this one are a good reminder that firms must...
Aug 31, 2021 | Investment Funds, Regulatory Compliance
On August 3, 2021, the Canadian Securities Administrators (CSA) published CSA Position Paper 25-404 – New Self-Regulatory Organization Framework (Position Paper), announcing its plans to create a new single Self-Regulatory Organization (New SRO). The Position...
Jun 30, 2021 | FAQs, Investment Funds, Regulatory Compliance
Answer: Canadian securities laws require that a registered firm manage material conflicts of interest in the best interests of its clients. The Canadian Securities Administrators have provided guidance that paid referral arrangements are an inherent conflict of...
Jun 30, 2021 | Anti-Money Laundering, News, Regulatory Compliance
On June 1, 2021, amendments to the regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act took effect. The amendments to the regulations were accompanied by revised and new FINTRAC guidance dated June 1, 2021. The amendments have the...
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.,...
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...
