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FSRA Announces its Priorities for Auto Insurance, Syndicated Mortgages, Pension Plans, Credit Unions Sectors

Ontario’s newest financial services regulatory body, the Financial Services Regulatory Authority of Ontario (FSRA), has announced its priorities for the sectors it watches over, intending to provide sector-specific burden reductions while maintaining regulatory effectiveness. Currently, the regulator is in consultations with sectoral stakeholders and reviewing…

NextBlock Global Limited and Alex Tapscott Fined by OSC and SEC

On May 14, 2019, the Ontario Securities Commission (OSC) and the Securities and Exchange Commission (SEC) concluded separate settlement agreements with Toronto-based NextBlock Global Limited (NextBlock) and its chief promoter, Alex Tapscott over the making of misleading statements. In June of 2017, Tapscott, who served…

Canadian Securities Regulators Publish IIROC Oversight Review Report

On April 18, 2019, the Canadian Securities Administrators (CSA), along with seven participating jurisdictions, released its oversight review (the Review) of the Industry Regulatory Organization of Canada (IIROC). The risk-based review of IIROC’s functional areas and key processes was carried out under the mandates of…