CSA issues new guidance & consults on reforms to address AI advances

The Canadian Securities Administrators (“CSA”) have recently provided clarification on the application of existing securities laws to AI systems in Staff Notice and Consultation 11-348. The notice seeks whether future reforms will be needed to specifically address AI...

CSA proposes sales practices reforms

The Canadian Securities Administrators (CSA) proposed revisions to the mutual fund sales practices rules, around the sale of proprietary funds as well as the disclosure of compensation arrangements to investors. Feedback is also being sought on principal distributors...

DFSA credential no longer qualifies for FA title in Ontario

The Designated Financial Services Advisor (DFSA) designation, no longer qualifies for use of the “Financial Advisor” (FA) title in Ontario. Overseen by the Canadian Securities Institute, (CSI) the Financial Services Regulatory Authority of Ontario, (FSRA) removed the...

2023 Exemptions granted by CIRO

Each year, the Canadian Investment Regulatory Organization’s (CIRO) Board of Directors and staff, receive exemption requests from Investment Dealer and Partially Consolidated (IDPC) Rules, Mutual Fund Dealer (MFD) Rules, or Universal Market Integrity Rules...
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