Barbara Hendrickson is the author of recent practice note entitled “Underwriting Conflicts” which appears in Lexis Nexis Practical Guidance Canada. This practice note provides an introduction to Canadian securities law with respect to underwriter’s conflicts as set out in National Instrument 33-105 Underwriter’s Conflicts (“NI…
The Financial Services Regulatory Authority of Ontario (FSRA) has approved the Canadian Investment Regulatory Organization (CIRO) as a credentialing body under Ontario’s Financial Professionals Title Protection Act, 2019 (FPTPA) The approval by FSRA means CIRO now has the authority to grant credentials that permit individuals to use…
The Canadian Securities Administrators (CSA) has published for a 90-day comment period ending April 17, 2024, Proposed Amendments to National Instrument 81-102 Investment Funds Pertaining to Crypto and proposed changes to Companion Policy 81-102CP Investment Funds (81-102CP) (the Proposed Amendments). The Proposed Amendments concern reporting…
Much media attention has been paid to the recent approval by the United States Securities and Exchange Commission (SEC) to allow the trading and listing of certain of spot bitcoin exchange-traded products (ETPs). The SEC’s hand was forced by the decision of the U.S. Nineth…
The Canadian Securities Administrators (CSA) have published final amendments and changes to several national instruments and companion policies, implementing an access model for prospectuses of non-investment fund reporting issuers (the Access Model). The goal of the Access Model is to modernize the way prospectuses are…
The Financial Services Regulatory Authority of Ontario (FSRA) has published for a 90-day comment period, ending March 8, 2024, its proposed approach to strengthen the protection of vulnerable consumers in its regulated sectors (the Proposed Approach). The Proposed Approach is based on research undertaken by…
The Canadian Securities Administrators (CSA) has published the results of its 2023 Systemic Risk Survey (the Survey). This annual Survey, first conducted in 2022, provides the CSA with important information on market participants’ concerns about the stability of the Canadian financial system. The 2023 Survey was conducted…
The Canadian Securities Administrators (CSA) has published proposed amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) (the Proposed Amendments) as well as proposed changes to Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations (31-103CP) (the Proposed Changes)…
The Ontario Securities Commission (OSC) is publishing for a 90-day comment period ending February 7, 2024, proposed amendments (Proposed 13-502 Amendments) to OSC Rule 13-502 Fees (the Fee Rule), published in Annex A; and proposed amendments (the Proposed 13-503 Amendments) to OSC Rule 13-503 (Commodity Futures Act) Fees (CFA…
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued new Anti-Money Laundering Requirements (AML) for Mortgage Administrators, Brokers, and Lenders. The new AML requirements will become effective on October 11, 2024. As of October 11, 2024, the mortgage industry in Canada will become…