Aug 30, 2024 | Investment Funds, Regulatory Compliance
The new Multilateral Instrument 93-101 Derivatives: Business Conduct (MI 93-101) and its related companion policy come into force shortly on September 28, 2024. MI 93-101 will have a direct impact on firms that advise or deal in over-the-counter derivatives (OTC...
Aug 27, 2024 | Canadian Investment Regulatory Organization (CIRO), Investment Funds, Regulatory Compliance
On July 4, 2024, the Canadian Investment Regulatory Organization (CIRO) published for comment Rule Amendments which include significant changes to the proficiencies required for every registered position in an investment dealer. Fundamentally, the proposed changes...
Jul 31, 2024 | Investment Funds, Regulatory Compliance
Earlier this month, the Canadian Securities Administrators (CSA) released the 2023-2024 Year in Review, which among other things discusses achievements against the six strategic goals set out in its 2022-2025 Business Plan. The review runs through a variety of CSA...
Jul 31, 2024 | Investment Funds, Regulatory Compliance
In its recently released annual report, the Alberta Securities Commission (ASC) discusses the completion of the first fiscal year under its new three-year strategic plan. The three pillars of the strategic plan remain intelligent regulation aimed at fostering a...
Jul 31, 2024 | Investment Funds, Regulatory Compliance
On July 25, the Canadian Securities Administrators (CSA) announced specific temporary exemptions from various obligations in National Instrument 93-101 Derivatives: Business Conduct (NI 93-101) which comes into force on September 28, 2024. As a reminder, the new rule...
May 30, 2024 | Investment Funds, Regulatory Compliance
On April 25, 2024, the Canadian Securities Administrators (CSA) published two research reports that examined how the implementation of the Client Relationship Model Phase 2 (CRM2) amendments to National Instrument 31-103 Registration Requirements, Exemptions and...
Mar 28, 2024 | Regulatory Compliance
In our February bulletin, we wrote about the importance of updating your SEDAR+ profile if the information contained in the profile is inaccurate. Generally, information must be updated no later than 10 days after the date on which the transmitter knew, or reasonably...
Feb 29, 2024 | Regulatory Compliance
The System for Electronic Document Analysis and Retrieval (SEDAR+), is the web-based system that is now used to file, disclose, and search for information regarding firms in Canada’s capital markets. SEDAR+ includes extended search capabilities, access to historical...
Dec 21, 2023 | Investment Funds, Regulatory Compliance
In late November, the Canadian Securities Administrators (the CSA) published a Request for Comment proposing amendments to certain complaint handling provisions of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI...
Oct 31, 2023 | Investment Funds, Regulatory Compliance
The Canadian securities regulators adopted a business conduct rule for derivatives dealers and advisers which will become effective on September 28, 2024 (the rule or MI 93-101). British Columbia intends to adopt substantially similar rules and when they do so, the...
Sep 28, 2023 | Client-Focused Reforms (CFRs), Cyber-security and Data Privacy, Investment Funds, Regulatory Compliance
This month, the Canadian Securities Administrators (CSA) released its ‘Year in Review’ which summarizes the activities of the provincial and territorial regulators over the past year (July 1, 2022 – June 30, 2023) (the Report). The Report outlines the CSA’s strategic...
Jul 31, 2023 | Regulatory Compliance
The Canadian Securities Administrators (CSA) announced on July 20 with effect from July 21, 2023, that they were issuing substantively harmonized exemptions from the requirement to file certain private placement forms [Form 45-106F1 Report of Exempt Distribution]...
