The Ombudsman for Banking Services and Investments (OBSI) reported that investment-related complaints are up by more than 60% from last year’s numbers, which were already at a record high. As a result, the fees that firms pay to fund OBSI’s activities are also heading...
OSFI issued two sets of draft guidance for public comment — a new Integrity and Security Guideline, which sets out OSFI’s expectations regarding the security and integrity of financial institutions, including protection against foreign interference and enhanced...
The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO), which comprise the Joint Regulators Committee (JRC) that oversees OBSI, published their latest Annual Report, detailing ongoing complaint trends and other...
The Ontario Securities Commission (OSC) published a report titled: “Artificial Intelligence in Capital Markets: Exploring Use Cases in Ontario”, which examines the current state of artificial intelligence (AI) in capital markets. The purpose of the report is to...
The Quebec government and the Autorité des marchés financiers (AMF) have approved a delegation of powers to CIRO. The delegation of powers allows CIRO to act as the organization registering dealing representatives of mutual fund dealers and conducting compliance...
In May 2021, the CSA proposed revisions that would reduce duplicative reporting and combine financial statements and annual information form filings into a single reporting document. In April 2022, the CSA published a proposed electronic access model, to assess...
