May 31, 2022 | Regulatory Compliance
Recent amendments to the Financial Services Regulatory Authority of Ontario Act, 2016 (FSRA Act), effective April 29, 2022, marks the Financial Services Regulatory Authority of Ontario’s (FSRA) ongoing efforts to help identify misconduct in the non-securities...
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...
Dec 11, 2020 | Regulatory Compliance
On November 17, the Ontario Securities Commission (OSC) announced that it has awarded a total of $585,000 to three whistleblowers, each of whom provided timely, specific and creditable information that helped advance enforcement action resulting in monetary payments...
Oct 30, 2020 | Investment Funds, Regulatory Compliance
On October 1, the Ontario Securities Commission (OSC) and Investment Industry Regulatory Organization of Canada (IIROC) published joint whistleblower guidance (Guidance) encouraging the public to submit tips on potential abusive trading, including illegal insider...
Jul 31, 2020 | Regulatory Compliance
On July 21, the Ontario Securities Commission (OSC) approved a settlement agreement (Settlement) with Coinsquare Ltd. (Coinsquare) and several of its current and former executives (collectively, the Individual Respondents) concerning inflated trading volumes,...