Tag: regulatory compliance
Apr 30, 2021 | Corporate Finance, Investment Funds, Regulatory Compliance
The Alberta Securities Commission and the Financial and Consumer Affairs Authority of Saskatchewan have proposed a new prospectus exemption to assist small businesses in Alberta and Saskatchewan to raise up to $5 million from investors in those provinces, based on a...
Apr 30, 2021 | Corporate Finance, Investment Funds, Regulatory Compliance
The Alberta Securities Commission is continuing to explore unique exemptions to revitalize Alberta’s capital markets and assist small businesses to raise capital efficiently while balancing investor protection. The proposed new blanket order would provide an exemption...
Apr 30, 2021 | Investment Funds, Regulatory Compliance
On March 18, 2021, the Court of Appeal for Ontario ruled that a malicious prosecution lawsuit against the Ontario Securities Commission and three of its employees can proceed. One of the appellants in the case, Mr. Sam Qin, and various entities he controlled, were...
Feb 26, 2021 | Regulatory Compliance
On February 4, the Canadian Securities Administrators (CSA) released a number of proposed changes to certain initial and ongoing regulatory reporting requirements for registrants. The CSA is inviting comments on these proposals by May 5. Some of the highlights of...
Jan 29, 2021 | Events, News, Regulatory Compliance
On February 4, the Portfolio Management Association of Canada (PMAC) will be hosting a virtual webcast. AUM Law’s Kevin Cohen will participate as a panellist to discuss the importance of succession planning from a client, regulatory and business continuity...
Jan 29, 2021 | Investment Funds, Regulatory Compliance
On January 28, the Canadian Securities Administrators (CSA) issued temporary blanket relief, which is expected to be codified at a later date. This relief expands the list of courses that allow mutual fund dealing reps to sell liquid alt funds thereby increasing...
Jan 29, 2021 | Events, Investment Funds, News
On February 2, AUM Law’s Richard Roskies will participate as a speaker at the InvestorCOM webinar, to discuss Client Focused Reforms and Know Your Product provisions for investment dealers and their representatives. January 29, 2021
Dec 11, 2020 | Corporate Law, Regulatory Compliance
On December 10, the OSC published a report on recent capital raising activity in the exempt market by corporate (i.e., non investment-fund issuers). As noted in CSA press release, the report revealed that while there has been notable year-over-year growth in the...
Dec 11, 2020 | Client-Focused Reforms (CFRs), News, Regulatory Compliance
The Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) have both published a set of proposed changes to self-regulatory rules designed to conform to the provisions of the Canadian Securities...
Dec 11, 2020 | Investment Funds, News, Regulatory Compliance
Welcome news for International Firms! Currently, certain international firms doing business in Ontario in reliance on statutory registration exemptions must also manually apply for discretionary relief from certain registration requirements in the Commodity Futures...
Dec 11, 2020 | Cyber-security and Data Privacy, Regulatory Compliance
The Government of Canada has big plans for privacy protection in Canada. It has proposed the Digital Charter Implementation Act, which is a Bill that would enable the government to establish a new privacy law for the private sector called the Consumer Privacy...
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 | Events, News
AUM Law is proud to sponsor the Portfolio Management Association of Canada’s National Conference, Hindsight is 2020: The Year in Review and What Lies Ahead, on November 17. Click here to see the agenda and to register, and please stop by our virtual booth to say...
Sep 30, 2020 | Investment Funds, News, Regulatory Compliance
On September 14, staff of the Compliance and Registrant Regulation (CRR) Branch at the Ontario Securities Commission (OSC) published their Annual Summary Report for Dealers, Advisers and Investment Fund Managers (Report). The OSC encourages registrants to use the...
Sep 30, 2020 | Investment Funds, Regulatory Compliance
On September 17, the Canadian Securities Administrators (CSA) published final rule amendments (Amendments) to National Instrument 81-105 Mutual Fund Sales Practices (NI 81-105) and certain other instruments to prohibit: The payment of trailing commissions by members...