Dec 5, 2024 | News
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...
Nov 29, 2024 | News
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...
Nov 29, 2024 | News
The Canadian Securities Administrators (CSA) announced that as of March 3, 2025, investment funds in continuous distribution, will now be able to file prospectuses every two years instead of annually. Also starting March 3, 2025, funds will not have to file a final...
Nov 27, 2024 | News
The Ontario Securities Commission (OSC) and the Canadian Investment Regulation Organization (CIRO) have initiated a coordinated review within Canadian bank branches, following concerns of potential investor harm from alleged high-pressure sales practices. The review...
Nov 25, 2024 | News
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...
Nov 22, 2024 | News
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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