Feb 28, 2022 | Client-Focused Reforms (CFRs), Corporate Finance, Investment Funds, Regulatory Compliance
A number of CSA jurisdictions have begun their promised registrant reviews relating to the client-focused reforms. These jurisdictions have sent out very extensive questionnaires relating specifically to the conflicts of interest provisions that came into force at the...
Feb 28, 2022 | Regulatory Compliance
Back in November, the Canadian Securities Administrators published CSA Multilateral Staff Notice 58-313 Review of Disclosure Regarding Women on Boards and in Executive Officer Positions (the Report). The Report outlines key findings from a recent review of issuers’...
Feb 28, 2022 | FAQs, Regulatory Compliance
Answer: Registered firms sometimes ask us if they can provide account statements and reports on a household basis to families where multiple family members are clients of the firm. According to regulatory guidance, the answer is a qualified yes, but… registered firms...
Nov 30, 2021 | Client-Focused Reforms (CFRs), Featured, Investment Funds, Regulatory Compliance
In this bulletin: Ontario’s New Draft Capital Markets Act – Topics of Interest to Registrants Déjà vu – Titles, Titles and More Titles – Proposed Amendments to Draft FSRA Guidance In Brief: FSRA Consults on Consumer Advisory Panel ▪ Independent Evaluation of OBSI ▪...
Nov 30, 2021 | Corporate Finance, Investment Funds, Regulatory Compliance
In the previous issue of our bulletin, we provided a high level report on the new draft Capital Markets Act (Act) released by the Ontario Ministry of Finance (Finance) on October 12, 2021. In this issue, we highlight some of the provisions of the Act, together with...
Nov 30, 2021 | Regulatory Compliance
On November 4, 2021, the Canadian Securities Administrators (CSA) published CSA Multilateral Staff Notice 58-313, its seventh annual review of disclosures relating to women in board and executive roles at reporting issuers (the Report). The Report reviewed the...
Nov 30, 2021 | Investment Funds, Regulatory Compliance
On November 18, 2021 the Canadian Securities Administrators (CSA) issued a news release announcing progress on the creation of a new self-regulatory organization (SRO) for the investment industry and a new investor protection fund (IPF). The new SRO will consolidate...
Nov 30, 2021 | Regulatory Compliance
On November 18, the Ontario Securities Commission (OSC) published OSC Notice 11-794 Statement of Priorities seeking comment on its draft 2022-2023 Statement of Priorities (SoP) to inform its business planning for the fiscal year ending on March 31, 2023. The OSC has...
Oct 29, 2021 | Events, News, Regulatory Compliance
AUM Law’s very own Chris Tooley will be presenting to a large audience of PMAC member firms on November 29 on the subject of AML training. Please contact us for more details.
Oct 29, 2021 | Regulatory Compliance
The Financial Services Regulatory Authority of Ontario released a consultation paper regarding its new Innovation Office, which was launched in 2020 in order to facilitate what it has termed “responsible innovation” – i.e. managing risk to consumers and members of...
Sep 30, 2021 | Events, News, Regulatory Compliance
AUM Law is a proud sponsor of the Fall Regulatory and Compliance Webcast organized by the Portfolio Management Association of Canada (PMAC) on October 21. Click here to register for the event. AUM Law’s very own Richard Roskies will participate as a speaker to discuss...
Aug 31, 2021 | Investment Funds, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) has released a proposed approach guidance, outlining its intentions with respect to how and when it will publish information about enforcement proceedings and investigations in the sectors it regulates,...
