Jul 31, 2024 | Anti-Money Laundering, Regulatory Compliance
As all registrants know, reporting entities including advisers and dealers are required to report suspicious transactions for money laundering or terrorist financing to the Financial Transactions and Reports Centre of Canada (FINTRAC). As of August 19, 2024,...
Mar 28, 2024 | Regulatory Compliance
On March 13, the Canadian Sustainability Standards Board (CSSB) released Canadian Sustainability Disclosure Standards (CSDS) for public consultation. These standards are based on the standards released by the International Sustainability Standards Board (ISSB) last...
Feb 29, 2024 | BLG Resource Corner
Our colleagues at BLG have provided the following insights we thought might interest our readers: Do Canada’s modern slavery reporting requirements impact investment managers? CBCA transparency register goes public It’s time: CIRO tackles incorporated advisors CSA...
Sep 27, 2022 | Regulatory Compliance
In August, the Canada Revenue Agency (CRA) released proposed legislation (that was first introduced in 2018) that if enacted will expand annual trust reporting requirements beginning with the 2022 taxation year (for trusts that have a December 31 year end). Under the...
Jan 31, 2022 | Regulatory Compliance
While not directly impacting all registrants, it is interesting to note that the Financial Consumer Agency of Canada (the FCAC) is consulting on the Proposed Guideline on Whistleblowing Policies and Procedures for Banks and Authorized Foreign Banks which sets out its...