The Canadian Investment Regulatory Organization (CIRO) has published proposed amendments to its continuing education (CE) programs under the Investment Dealer Partial Consolidated (IDPC) Rules and the Mutual Fund Dealer (MFD) Rules (The Proposed Amendments). CIRO had published the Proposed Amendments as part of its effort…
The British Columbia Securities Commission (BCSC) has published BC Notice 15-702 Prohibitions against Misrepresentations and False or Misleading Statements (The Staff Notice). The Staff Notice provides guidance about the prohibitions in sections 50(2) and 50(3) of the British Columbia Securities Act (the Act) against misrepresentations…
The Ontario Securities Commission (OSC) recently published its findings from a focused compliance review of crypto asset trading platforms (CTPs). OSC Staff Notice 33-757 Review of Restricted Dealer Crypto Asset Trading Platforms’ Compliance with the Account Appropriateness, Investment Limits and Client Limits Requirements (the Staff…
The Canadian Securities Administrators (CSA) have published CSA Staff Notice and Consultation 11-348 – Applicability of Canadian Securities Laws and the Use of Artificial Intelligence Systems in Capital Markets (the Staff Notice), intended to provide guidance on how securities legislation applies to the use of…
Toronto, December 7, 2024: BAX Securities Law is pleased to announce that the firm has resumed its sponsorship of the Toronto Business Lawyers Association (TBLA) networking and business development monthly meetings. Barbara Hendrickson, Managing Partner of BAX Securities Law, is pleased to invite friends and colleagues…
According to results of the third annual systemic risk survey (The Survey) recently published by Canadian Securities Administrators (CSA), Canadian investment dealers and portfolio managers are less concerned about Canadian financial stability than last year. The Survey was completed by 536 Canadian portfolio managers and investment…
In response to the current Canadian postal strike, the Canadian Securities Administrators (CSA) is providing temporary relief from requirements to deliver proxy-relate material for annual meetings through a temporary exemption from certain requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument and 54-101…
The Canadian Securities Administrators (CSA) are adopting amendments to National Instrument 41-101 General Prospectus Requirements (NI 41-101), National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101), related consequential amendments to NI 41- 101, NI 81-101 and National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-…
The Canadian Securities Administrators (CSA) are publishing a series of proposed amendments and changes to the principal distributor model in the distribution of mutual funds (the Proposed Amendments and Proposed Changes) for a 90-day comment period ending February 27, 2025. Collectively, the Proposed Amendments are…
The Canadian Securities Administrators (CSA) has published for comment proposed amendments (the Proposed Amendments) to Multilateral Instrument 13-102 System Fees for a 90-comment period ending February 19, 2025. The Proposed Amendments would see system fees for SEDAR+ and the National Registration Database (NRD) increased over…