Nov 14, 2023 | News
The Financial Services Regulatory Authority of Ontario, (FSRA) recently uncovered some managing general agencies (MGAs) and their agents have been using improper training materials and selling products that may not meet customer needs. In response, FSRA developed new...
Nov 8, 2023 | News
The British Columbia Securities Commission (BCSC) is joining the Ontario Securities Commission (OSC) in offering financial rewards for enforcement tips. The BCSC is now paying between $1,000 and $500,000 for tips that “meaningfully contribute” to investment fraud...
Nov 7, 2023 | News
The Regulators understand that changes in the regulatory environment, have been challenging for financial advisors. An August report released by the Canadian Securities Administrators and CIRO found that most firms were falling short on conflicts-of-interest...
Nov 3, 2023 | News
Under the joint total cost reporting initiative of the insurance and securities regulators, the Autorité des marchés financiers (AMF) has published proposals to introduce beefed-up reporting requirements for segregated funds. The new rules are to take effect on...
Nov 2, 2023 | News
The CFA Institute, the Global Sustainable Investment Alliance (GSIA) and Principles for Responsible Investment (PRI) have developed a new resource to define five common terms used in responsible investing. The new resource comes as regulators around the world develop...
Nov 1, 2023 | News
The Office of the Superintendent of Financial Institutions (OSFI) is raising liquidity requirements for high-interest savings account (HISA) ETFs. OSFI said that banks holding deposits for HISA funds will have to hold sufficient high-quality liquid assets, that can be...
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