The Canadian Investment Regulatory Organization (CIRO) published proposed amendments to its proficiency rules for investment dealer Approved Persons. CIRO is planning a shift to an exam-based approach to industry proficiency, along with mandatory conduct/ethics...
In August 2023, the Canadian Securities Administrators (CSA) began examining Exchange Traded Funds (ETF) regulation, to assess the adequacy of the existing regime. ETFs make up around 15% of total public investment fund assets across Canada today. The CSA expects to...
The Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators (CCIR) jointly published enhanced total cost reporting (TCR) requirements for investment funds and segregated funds. Final amendments were published to National Instrument...
The Canadian Investor Protection Fund (CIPF) 2023 Annual Report has been posted to the CIPF’s website. The report lists the CIPF’s top 6 priorities in 2024, which include: 3-year strategic planning and enhancing insolvency readiness for dealers. The CIPF also...
The Investment Fund Institute of Canada (IFIC) has outlined four key concerns about CIRO’s proposed integrated fee model, which is due to come into force in April 2025. The proposed integrated fee model will apply to both mutual fund dealers and investment dealers....
CIRO released its Annual Public Priorities for Fiscal Year 2025 (April 2024 – March 2025). The Annual Priorities build on last year’s priorities. This year, the themes of the Annual Priorities CIRO is focused on are in three key areas: Integration, Regulatory Delivery...
