The Canadian Securities Administrators (CSA) recently published their 2024 – 2025 Year in Review (The Year in Review), highlighting the regulator’s activities during the past year, including the issuing of over one thousand investor alerts, with the majority of those relating to crypto assets. The regulator also reported that it carried out enforcement actions in…

The Ontario Securities Commission (OSC)’s Registration, Inspections and Examinations (RIE) Division has published OSC Staff Notice 33-759 − Registration, Inspections and Examinations Division − 2025 Annual Report (the Annual Report). The RIE Division of the OSC is responsible for the registration and ongoing supervision of firms and individuals who are in the business of trading…

The Canadian Securities Administrators (CSA) recently published CSA Notice 81-930 – Exemptions from Certain Repurchase Transactions Requirements for Investment Funds, a coordinated series of blanket orders granting exemptive relief to facilitate access to the Bank of Canada’s (the Bank) Contingent Term Repo Facility (CTRF) for eligible investment funds. The Bank’s CTRF is designed to support…

The Canadian Securities Administrators (CSA) has recently published for review and comment CSA Notice and Request for Comment 25-314 – Proposed approach to oversight and refinements to the proposed binding authority framework for an identified ombudservice (the Proposed Approach), for a 60-day period ending September 15, 2025. At the same time, the CSA is also…

A recent report by the Ontario Securities Commission (OSC) and the Canadian Investment Regulatory Organization (CIRO), Sales Culture Concerns at Five of Canada’s Bank-Affiliated Dealers (The Report). The Report, which presents survey results from nearly 3,000 mutual fund dealing representatives from five of Canada’s largest bank-affiliated dealers, found that one in four representatives surveyed reported…

The Canadian Securities Administrators (CSA) have recently published CSA Staff Notice 51-366 Regulatory Concerns with Certain Asset or Business Acquisitions (the Staff Notice) that provides guidance about regulatory concerns with certain with certain asset or business acquisitions – primarily taking place in venture markets –including concerns with misleading disclosure that could constitute market manipulation. The…

Bill C-2, The Strong Borders Act (the Bill) was recently introduced in the Parliament of Canada as a centrepiece legislation of the new Liberal Government of Prime Minister Mark Carney. The Bill, if passed, proposes to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) to: Strengthen anti-money laundering supervision, compliance, and…

The Ontario Securities Commission (OSC) has published a new statutory framework that will facilitate distributing amounts collected by the OSC under disgorgement orders to harmed investors (the Final Rules). Briefly, the Final Rules consist of: OSC Rule 11-502 Distribution of Amounts Received by the OSC under Disgorgement Orders and Payment of Related Administrative Costs; Companion…

The Canadian Securities Administrators (CSA) is seeking feedback on proposed amendments to National Instrument 43-101 Standards of Disclosure for Mineral Projects (The Proposed Amendments). They are being published for a 120-day comment period ending August 1, 2025. The Proposed Amendments are intended to clarify, harmonize and streamline Canada’s mining disclosure regime without introducing any new…