The Canadian Securities Administrators (CSA) has published its 2025–2026 Year in Review, covering activities from July 1, 2025, to June 30, 2026. The report highlights regulatory progress and key investor protection priorities, including strengthening the Ombudsman for Banking Services and Investments (OBSI) through binding authority and addressing conflicts of interest from advisor chargebacks.

SEE MORE

The Canadian Securities Administrators (CSA) and Canadian Investment Regulatory Organization (CIRO) have issued Staff Notice 81-339, providing guidance on the marketing and sale of exchange-traded funds (ETFs) listed on foreign exchanges but not Canadian exchanges. The notice calls for enhanced disclosure.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) published a proposed Crypto Trading Platform Regulation Fee Model, to recover crypto market surveillance costs through an activity-based system. The public comment period is open until September 28, 2026, with the model slated to take effect July 1, 2027.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) has republished revised proposed rule amendments for public comment to modernize its account transfer requirements. The proposals, which update amendments first released on July 10, 2025 (Bulletin 25-0199), are open for written feedback until October 21, 2026.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) has released its annual Enforcement Report, outlining its enforcement activities over the past year, including complaint intake, investigations, and disciplinary proceedings involving dealers and approved persons who breached CIRO rules. Among the report’s key developments is the launch of a new Disgorgement Distribution Program.

SEE MORE

The Canadian Securities Administrators (CSA) is urging investment firms to strengthen their cybersecurity after a compliance review of 73 firms uncovered significant gaps. While larger firms generally had strong defences, the sweep found weaknesses in cybersecurity risk assessments, policies, staff training and incident response plans among many fund managers, portfolio managers and exempt-market dealers.

SEE MORE

FP Canada and the Rotman School of Management, University of Toronto, have launched the Financial Planning Business Essentials Program. The program combines financial planning technical education with business school instruction, meeting the education requirements for Certified Financial Planner (CFP) certification while building participants’ professional skills.

SEE MORE

Ontario will join the Canadian Securities Administrators’ (CSA) passport system, taking a long-awaited step toward harmonizing securities regulation across Canada. The change will improve capital market efficiency, reduce regulatory duplication and compliance costs, streamline interprovincial investment, and strengthen Canada’s integrated national capital market.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) has proposed rule changes to harmonize advisor compensation by allowing all client-facing advisors to receive compensation through an incorporated business. The proposal marks a key milestone in CIRO’s 2027 priorities and its three-year strategic plan. CIRO has opened the proposal for public comment until November 6, 2026.

SEE MORE

Effective July 4, 2026, under Law 16, Québec is updating financial sector regulation by introducing a new recognition order for the Chambre de l’assurance. Related changes to the Canadian Investment Regulatory Organization’s (CIRO) recognition order will transfer oversight of mutual fund dealer representatives to CIRO and scholarship plan dealer representatives to the Autorité des marchés financiers (AMF).

SEE MORE