CCIR and CISRO Issue New National Segregated Funds Guidance

The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) issued segregated funds guidance, setting national expectations for insurers, intermediaries, agents, and MGAs. The guidance addresses gaps in...

Advocis Files Official Comments on FSRA’s MGA Rule Proposal

Advocis warns that the Financial Services Regulatory Authority of Ontario’s (FSRA) plans to reclassify thousands of small advisory firms as “Managing General Agents,” (MGA) adding fees and compliance rules that could raise costs and limit access to advice. The group...

New NRD System Fee Structure Takes Effect November 28

The CSA will raise system fees for the National Registration Database (NRD) over five years starting November 28, 2025. The increases are needed to fund national system operations, but no new fees will be added. The amendments simply raise the total fees collected,...

CSA Proposes Reform to Align with New IFRS Changes

The Canadian Securities Administrators propose updating National Instrument 52-112 to align with IFRS 18, effective January 1, 2027, in order to preserve key financial-measure disclosures while avoiding redundant reporting and lowering regulatory burden for Canadian...

OSC Tightens Oversight with New Exempt Market Regulations

The Ontario Securities Commission (OSC) is increasing oversight of the exempt market by publishing a “non-delivery” list that identifies issuers who fail to submit required annual financial statements, and by conducting compliance examinations of Exempt Market Dealers...

OSC Heightens Scrutiny of Innovation and Disclosure

The Ontario Securities Commission’s (OSC) Investment Management Division Annual Report, is sharpening its regulatory focus, moving from broad oversight toward more targeted examinations of new asset types and fund structures. The report identifies three central...
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