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…
The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have published a summary of responses and comments to CSA/IIROC Staff Notice 23-329 Short Selling in Canada (The Joint Staff Notice). In December 2022, the CSA and the Investment Industry Regulatory Organization of…
On October 26th, the Canadian the Public Accountability Board (CPAB), the Office of the Superintendent of Financial Institutions (OSFI) and the Canadian Securities Administrators (CSA) co-hosted the Canadian Audit Quality Roundtable in Toronto. The annual Roundtable, brings together Canadian capital markets stakeholders, including regulators, standard-setters,…
The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have jointly published CSA/CIRO Staff Notice 23-331 Request for Feedback on December 2022 SEC Market Structure Proposals and Potential Impact on Canadian Capital Markets (The Staff Notice) for a 90-day comment period ending December, 4th…
The Canadian Security Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have jointly published Staff Notice 31-364 – OBSI Joint Regulators Committee Annual Report for 2022 (The Staff Notice). The Staff Notice serves as the Annual Report of the Joint Regulators Committee (JRC) of the Ombudsman…