The Canadian Investment Regulatory Organization (CIRO) has introduced a new Document Production Guide to help dealers preserve data integrity, reduce delays from resubmissions, and improve investigation efficiency through faster evidence review and analysis. The Guide takes effect on May 1, 2026.

SEE MORE

Canadian Investment Regulatory Organization (CIRO) will launch its Disgorgement Distribution Program and will return funds collected through enforcement actions to affected investors. The program aims to strengthen investor protection by ensuring that penalties for misconduct also compensate victims. It takes effect on April 1, 2026.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) is updating section 7.4.1 of the Mutual Fund Dealer (MFD) Rules to explicitly allow for disgorgement, aligning the MFD Rules with the Investment Dealer and Partially Consolidated (IDPC) Rules (the “Amendments”). These Amendments will take effect on April 1, 2026.

SEE MORE

The Financial Services Regulatory Authority of Ontario (FSRA) is reminding individuals who use the Financial Planner title, or similar designations, to review Ontario’s title protection requirements and ensure they hold an approved credential before the March 28, 2026 transition deadline.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) has updated its guidance on order execution-only (OEO) account services, replacing Guidance Note 3400-21-003. The revised rules introduce changes in response to the continued growth of do-it-yourself (DIY) investors and allow firms to provide broader tools, education, and risk alerts without crossing into investment advice.

SEE MORE

CRKhoury (CRK) is conducting an independent review of the mandates and operations of the Ombudsman for Banking Services and Investments. A dedicated review website has been launched to share information and updates. Stakeholders can submit feedback by April 3, 2026.

SEE MORE

The Financial Services Regulatory Authority of Ontario (FSRA) has paused its plan to finalize a rule creating a licensing regime for Life and Health Managing General Agents, originally scheduled to take effect on June 1, 2026. The Government of Ontario will announce the next steps later. FSRA also said it will continue engaging stakeholders as part of its consumer protection initiative.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) has released its Annual Compliance Report, highlighting emerging compliance challenges facing dealers and offering guidance on how to address them. The report helps firms strengthen supervision and risk management while meeting regulatory requirements in line with their individual business models.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) has proposed ending its dual registration framework, allowing investment dealers to run mutual fund divisions without separate mutual fund dealer registration. The proposals are open for public comment until June 12, 2026.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) has released its proposed consolidated dealer rules for final comment, presenting a single harmonized rulebook following a five-phase consultation process. The framework aims to reduce regulatory arbitrage, align standards across dealer types and adopt a more principles-based approach. The consultation closes June 12, 2026.

SEE MORE