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.

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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.

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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.

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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.

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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.

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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.

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The Canadian Investment Regulatory Organization (CIRO) has released details of InnovateSafe, a new regulatory sandbox designed to help eligible firms test innovative products, services, and technologies under regulatory oversight.

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The The Insurance Council of British Columbia (ICBC) is consulting on new licensing rules for 18 types of businesses that sell insurance incidentally, including mortgage brokers and auto dealers. The regulation, effective Jan. 1, 2027, will expand licensing beyond travel insurance and require businesses to represent at least one insurer. Proposed application fees would be capped at $1,000. The consultation runs until April 27, 2026.

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The Canadian Investment Regulatory organization (CIRO) will assume expanded regulatory authority over mutual fund dealer representatives in Québec, following the sanction of Bill 16, as announced by the Autorité des marchés financiers (AMF). The new functions will take effect by July 4, 2026, supporting harmonized regulation across Canada.

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The Canadian Securities Administrators (CSA) have approved the Canadian Investment Regulatory Organization’s (CIRO) proposed amendment to the Approved Person Fees component of the Annual Dealer Member Fee Model. The amendment increases the fee from $250 to $300 per Approved Person. The proposal will take effect on April 1, 2026.

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