CIRO is seeking feedback on its proposed new approach to its fee model. Fund dealer fees are currently calculated based on assets under administration (AUA). Under the proposed integrated fee model, fund dealer fees would be calculated based on both the size of their...
The Canadian Securities Administrators (CSA) has released two research reports examining the investment fund industry and investor behaviour post-implementation of the Client Relationship Model Phase 2 (CRM2) Amendments. The research reports look at trends in...
CIRO is publishing Phase 3 of its Rule Consolidation Project rule proposals, for comment. The Phase 3 Proposed Rules involve the adoption of rules relating to membership and member business activity approval, clearing and settlement of trades and trade delivery...
The Canadian Investment Regulatory Organization (CIRO) has released its three-year Strategic Plan. The Strategic Plan is grounded in CIRO’s new Vision, Mission and Values and has six strategic objectives. The Strategic Plan also lays out CIRO’s plan to focus on...
On December 31, 2021, the Canadian Securities Administration (CSA) passed regulations (National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations “Client Focused Reforms”, (CFRs) based on the principle that in the...
The Canada Revenue Agency (CRA) published its new administrative positions on compliance obligations of financial institutions (FI) under Canada’s Income Tax Act. Changes to the Foreign Account Tax Compliance Act (FATCA) Guidance and the Guidance on the Common...
