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Canadian Securities Administrators Publish CSA Staff Notice 81-332, Next Steps on Proposals to Prohibit Certain Investment Fund Embedded Commissions

[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] The Canadian Securities Administrators (CSA) has published CSA Staff Notice 81-332, Next Steps on Proposals to Prohibit Certain Investment Fund Embedded Commissions (the Staff Notice). The document details the regulator’s ongoing plan to prohibit certain classes of embedded…

Financial Services Regulatory Authority of Ontario Provides Update for Burden Reduction of Syndicated Mortgage Investments

The Financial Services Regulatory Authority of Ontario (FSRA) has provided an update for its intentions to provide burden reduction for syndicated mortgage investments. While earlier introducing a new supervisory approach to higher-risk syndicated mortgages marketed to retail investors, the regulator is now introducing amended disclosure…

FSRA to Toughen Rules for Financial Planner, Financial Advisor Definitions

[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] The Financial Services Regulatory Authority (FSRA) of Ontario has taken its first steps in bringing financial planners and financial advisors (planners and advisors) under its aegis, by opening with discussions with stakeholders regarding a plan that would firm…

Ontario Securities Commission Publishes 2019 Burden Reduction Update

The Ontario Securities Commission (OSC) has published a year-end update on its burden reduction efforts for Ontario capital market participants,  Reducing Regulatory Burden in Ontario’s Capital Markets, 2019 (the Update). In OSC Staff Notice 11-784, Burden Reduction (the Staff Notice), published in January 2019 and…

Canadian Securities Administrators Sign Fintech Cooperation Agreement with Monetary Authority of Singapore

The Canadian Securities Administrators (CSA) and the participating jurisdictions of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, and Nova Scotia (the Participating Jurisdictions) have signed a cooperation agreement (the Agreement) with the Monetary Authority of Singapore (MAS), which is Singapore’s central bank and…

BCSC Acts Against Two British Columbia Cryptocurrency Exchanges

The British Columbia Securities Commission (BCSC) has acted to protect the investors of one BC-based cryptocurrency exchange while launching an investigation against a second. On October 31, 2019 the counsel representing the Vancouver-based Einstein Exchange (Einstein) had informed the BCSC that its client had planned…