The Ontario Securities Commission (OSC) recently announced that seven businesses that will be part of its new capital markets testing environment, OSC TestLab. This initiative allows businesses to test solutions that can help Ontario registrants and contribute to better investor outcomes. Seven selected businesses will…
The Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators (CCIR) recently published proposals that would enhance total cost reporting for investment funds and segregated funds (The Proposed Changes). The Proposed Changes aim to improve the transparency of total fees and costs paid by mutual…
The Canadian Securities Administrators (CSA) have published CSA Staff Notice 25-303 2021 CSA Annual Activities Report on the Oversight of the Self-Regulatory Organizations (SROs) and Investor Protection Funds (IPFs) (The Report). The Report summarizes CSA oversight of the SROs and IPFs during the 2021 calendar…
The British Columbia Securities Commission (BCSC)’s most recent Compliance Report Card of investment dealers and advisers reflects the past year’s focus on marketing materials these firms use to attract and retain clients. The Report Card highlights several recurring deficiencies in how some B.C.-based portfolio managers, investment…
The Canadian Securities Administrators (CSA) recently published changes to harmonize the interpretation of the financial statement requirements for a long-form prospectus, such as in an issuer’s initial public offering (IPO) (the changes). Specifically, the changes apply in situations where an issuer has acquired a business,…
The Investment Industry Regulatory Organization of Canada (IIROC) has republished, for public comment for a period ending June 13, 2022, proposed amendments to the IIROC Rules (the Proposed Amendments). The goal of the Proposed Amendments (previously published in IIROC Rules Notice 19-0200) is to modernize…
The Canadian Securities Administrators (CSA) has published for comment a series of proposed amendments and proposed changes to implement an access equals delivery model for non-investment fund reporting issuers (the Proposed Amendments). The comment period will last 90 days. The Proposed Amendments will affect the…
The Canada Climate Law Initiative (CCLI) today released a report summarizing the 131 submissions the lobby group made to the Canadian Securities Administrators (CSA) on the proposed National Instrument 51-107 Disclosure of Climate-related Matters (NI 51-107). According to its authors, the report reveals strong support for strengthening…
The Canadian Web3 Council was recently launched by industry leaders to promote the wider use of Web3 technology including blockchain and cryptocurrency. The goal of the Council, a non-profit trade association, is to encourage the growth of Web3 technology through policy innovation. The Council aims…
The U.S. Securities and Exchange Commission (SEC) is requesting public input from investors, registrants, and other market participants on climate change disclosure. The SEC has periodically evaluated its regulation of climate change disclosures within the context of its integrated disclosure system. In 2010, the SEC…