The Canadian Investment Regulatory Organization (CIRO) is proposing amendments to the client reporting requirements in CIRO Rules. The proposals aim to harmonize its cost reporting rules with the Canadian Securities Administrators (CSA) new total cost reporting rules. CIRO’s proposals are out for comment until January 8, 2025.

SEE MORE

The Ontario Securities Commission (OSC) has published a new report, Gamification Revisited: New Experimental Findings in Retail Investing that studied the impact of gamification on investors. The OSC also launched a new tool, GetSmarterAboutTrading.ca, allowing users to test and better understand their potential influence on trading decisions, through a simulated stock market.

SEE MORE

The Ontario Securities Commission (OSC) published a report exploring the use of artificial intelligence (AI) in Ontario’s capital markets. The report highlights current AI use cases, benefits and challenges, and aims to raise awareness of both the opportunities and risks associated with the use of AI in capital markets.

READ MORE

FP Canada and the Institute of Financial Planning, have introduced a new streamlined process, allowing Certified Financial Planner (CFP) professionals to seek the Financial Planner F.Pl. designation to practice in Quebec, while F.Pl. holders can pursue CFP certification and use the title ‘Financial Planner’ in Ontario and other provinces.

SEE MORE

The Ontario Securities Commission (OSC) issued a report titled Insights on the OSC Staff’s Approach to Sustainable Finance. The report outlines the OSC’s future plans and its ongoing work in sustainable finance. The OSC’s approach aims to provide insight to a range of sustainability issues. It also aligns with the OSC’s newly announced strategic plan, annual priorities, and core mandate.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) is warning investors of the increased frequency of fraudsters impersonating CIRO. The fraudsters claim to be a CIRO employee and offering to assist investors in recovering funds that have been lost in previous scams after the victim pays a processing fee. This is referred to as an investment recovery scam.

SEE MORE

The Canadian Securities Administrators (CSA) are extending the deadline for crypto platforms to rein in trading of unregulated stablecoins, that are tied to the value of a traditional currency. The original deadline of April 30, 2024, was pushed back to October 31. 2024, and now, the regulators are giving the crypto industry until December 31, 2024, to comply.

SEE MORE

The Ontario Securities Commission (OSC) has released ‘Artificial Intelligence and Retail Investing: Scams and Effective Countermeasures,’. The study found AI-enhanced scams pose greater risks to investors than conventional scams, as it enables schemes involving deepfakes and voice cloning. The study also explored methods to safeguard investors from AI-enabled fraud and flag potential fraud.

SEE MORE

CIRO has provided an update on their website consolidation project. The Member sections of the legacy MFDA and IIROC and the Markets section found on the IIROC website, have been migrated. Member-related content has been organized into two sections: For Firms and For Registered Individuals. A Webcast Catalogue for Approved Persons to obtain Continuing Education (CE) credits is also available.

SEE MORE

CIRO’s webcast provides an overview of the conflicts of interest (COI) requirements in the Client Focused Reforms (CFR) that came into force on June 30, 2021. The webcast summarizes the joint regulatory sweep conducted by the Canadian Securities Administrators (CSA), IIROC, and the MFDA, of firms’ COI practices. This webcast is one of the two mandatory compliance credits for the MFD CE Program for the 2023-2025 cycle.

SEE MORE