Saskatchewan’s Bill 150, The Securities (Saskatchewan Investors Protection) Amendment Act, 2023, received royal assent, granting the Ombudsman for Banking Services and Investments (OBSI) with binding authority for investor complaints. The provincial legislation raises...
The Office of the Superintendent of Financial Institutions (OSFI) is consulting on proposed changes to banks’ liquidity rules. The proposed changes will enable OSFI to assess how well banks are managing their intra-day liquidity risk and to better monitor...
The Financial Services Regulatory Authority of Ontario (FSRA) has proposed a rule that will require annual disclosures about the costs and performance to clients, about their segregated funds. The rule is similar to the second phase of the Client Relationship Model...
The Financial and Consumers Services Commission of New Brunswick (FCNB) has developed a free e-learning module, designed to help New Brunswickers develop awareness of the signs and ways to prevent financial exploitation. FCNB has a number of online resources to help...
The Designated Financial Services Advisor (DFSA) credential is no longer an approved credential for the “financial advisor” title in Ontario. The Canadian Securities Institute (CSI) requested that the Financial Services Regulatory Authority of Ontario (FSRA) remove...
The Office of the Superintendent of Financial Institutions (OSFI) has released its Annual Risk Outlook for 2024-2025, which identifies key risks OSFI perceives as threats to Canada’s financial system in the coming year. The Annual Risk Outlook has identified...
