
Fitch Learning acquires Moody’s Analytics and CSI
Fitch Learning announced that it has acquired the Canadian Securities Institute (CSI) and Moody’s Analytics Learning Solutions, expanding its global financial training portfolio. The terms were not disclosed. The deal is expected to close in Q4 2025, pending regulatory approval.
CIRO Proposes New Guidance for OEO Dealers
The Canadian Investment Regulatory Organization (CIRO) is proposing new guidance allowing order execution only (OEO) dealers to share more information and tools with do-it-yourself investors. The guidance aims to curb reliance on unregulated sources like social media and finfluencers. The proposed guidance is open for comment until November 10, 2025.
CIRO announces new service provider in Quebec handling criminal background checks
The Canadian Investment Regulatory Organization (CIRO), has announced that effective August 8, 2025, Quali-T HR Services and Solutions will handle criminal background checks for candidates residing in Quebec, and applying for securities registration.
OSC Publishes 2025 Examination Priorities
The Ontario Securities Commission’s Registration (OSC) Inspections and Examinations Division, (RIE) has announced its 2025 priorities. Key focus areas include artificial intelligence, (AI) cybersecurity, sales practices at financial institutions, and know-your-product (KYP) practices of exempt market dealers using the offering memorandum exemption.
CIRO publishes more syllabi and practice exams
To support its shift from a course-centric model to an assessment-centric model, the Canadian Investment Regulatory Organization (CIRO) is publishing more syllabi and practice exams, designed to help education providers develop preparatory courses and to support individuals who choose to self-study for the exams.
CSA publishes revised proposal to introduce binding authority for OBSI
The Canadian Securities Administrators (CSA) is seeking public comment on enhanced details of its proposed framework for an independent dispute resolution service, giving the Ombudsman for Banking Services and Investments (OBSI) binding authority in disputes between investors and their dealers. The comment period closes on September 15, 2025.
CIRO proposing 10-day standard for account transfer settlement
The Canadian Investment Regulatory Organization (CIRO) has released, for public comment, a set of proposed rule amendments aimed at modernizing requirements related to account transfers. The amendments aim to improve the efficiency, transparency, and consistency of the account transfer process across the investment industry. The submission deadline for comments, is October 8, 2025.
CIRO to mimic U.S. trading halts for CDRs and Single‑Stock ETFs
The Canadian Investment Regulatory Organization (CIRO) has introduced a new protocol to better align Canadian depositary receipts (CDRs) and single-stock Exchange-Traded Funds (ETFs) trading halts in Canada, with those in the U.S. listed on U.S. exchanges. CIRO will monitor U.S. exchange halt messages and may impose manual trading halts in Canada when appropriate.
Ontario streamlines licensing for out-of-province insurance advisors
Effective July 1, 2025, the Financial Services Regulatory Authority of Ontario (FSRA) has implemented a new licensing process for out-of-province insurance advisors, allowing them to begin working in Ontario almost immediately after submitting proof of a valid out-of-province license. This “express lane” is a result of recent legislation and aims to improve labour mobility within Canada.
AMF releases draft guideline on AI use by financial institutions
Québec’s Autorité des marchés financiers (AMF) has issued draft guidelines on Artificial Intelligence (AI) risk management for financial institutions. Requirements include maintaining a central AI directory, regular risk assessments, customer consent for data use, and explanations for AI decisions. The guidelines align with global standards and are open for comment until November 7, 2025.