The Financial Transactions and Reports Analysis Centre of Canada, (FINTRAC) has taken its corporate systems offline, as it manages what it calls a “cyber incident”. The incident does not involve FINTRAC’s intelligence or classified systems. FINTRAC has taken its...
The Federation of Independent Dealers (FID), formerly the Federation of Mutual Fund Dealers (FMFD), launched under its new name. The name change reflects the evolving landscape of the financial industry and signals the expansion of their mandate. The FID remains...
The Financial Services Regulatory Authority’s has launched a credential checking tool to make it easier for consumers in Ontario, to check that advisors are properly qualified. The new Check Credentials Tool will help verify holders of protected titles including...
The Autorité des marchés financiers (AMF) has issued rules to establish a common set of processes and timelines when dealing with client complaints. The Canadian Investment Regulatory Organization (CIRO) Investment dealer members and mutual fund dealer members will be...
CIRO conducted two cybersecurity table-top exercises in 2023, for small and medium-sized member firms. Following the exercise, CIRO has published a Ransomware Response Playbook, for dealing with ransomware attacks. The report sketches out a framework outlining the...
The Canadian Investment Regulatory Organization (CIRO) is harmonizing rules for mutual fund and investment dealers and aiming to establish the structure for a new harmonized rule book. CIRO is facing push back on proposals allowing fund dealers to offer...
