The Ontario Securities Commission’s Registration, Inspections and Examinations Division (RIE) has published its fiscal 2026–2027 examination priorities. The RIE will explore and integrate artificial intelligence technologies to enhance examination processes, aiming to strengthen regulatory oversight while improving efficiency across its examination program.

SEE MORE

On April 7, 2026, Quebec’s securities regulator, the Autorité des marchés financiers (AMF) published its Guideline for the Use of Artificial Intelligence. Effective May 1, 2027, the Guideline forms part of a broader push to regulate AI use in the financial sector at both the provincial and federal levels, with a focus on governance, risk management, transparency, and consumer protection.

SEE MORE

Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is developing stricter title protection rules for financial planners and advisors, by fall 2026, potentially setting a national model. Critics say Ontario’s current regime allows low-threshold credentials, while some advocate for Quebec’s stricter single-credential system.

SEE MORE

Canada will sharply increase anti-money laundering penalties under new national security legislation, raising maximum FINTRAC fines by up to 40 times. The government will raise penalties for “very serious” AML violations to $20 million from $500,000, while it will increase fines for serious breaches to $4 million and for minor breaches to $40,000.

SEE MORE

Global financial education provider Fitch Learning, the new owner of Canadian Securities Institute (CSI), is modernizing the Canadian Securities Course (CSC) with new technology. The overhaul follows new exam-based licensing rules from Canadian Investment Regulatory Organization (CIRO) that no longer require the CSC for investment dealer registration.

SEE MORE

The Ontario Securities Commission (OSC) has released proposed amendments to its fee rules aimed at reducing costs for most market participants, supporting capital formation, improving fee predictability, and ensuring more proportional fee structures. Stakeholders can submit feedback on the proposals until July 29, 2026.

SEE MORE

The Canadian Securities Administrators (CSA) has issued a temporary blanket order that exempts firms and individuals from submitting certain personal information required under National Instrument 33-109. The change removes information no longer needed for identity verification or registration assessments. It takes effect May 1, 2026, and will remain in place until the rules are formally updated.

SEE MORE

The Canadian Securities Administrators (CSA) published the Oversight Review Report of the Canadian Investor Protection Fund (CIPF). The report evaluates the effectiveness, efficiency, and fairness of its regulatory processes, focusing on corporate governance and financial areas.

SEE MORE

The Portfolio Management Association of Canada (PMAC) and Canadian Securities Administrators’ (CFA) are calling on Ontario to join the CSA passport system, noting it is now the only province after rejecting the model in 2007. They argue Ontario’s stance conflicts with its 2021 mandate for the OSC to support capital formation and with commitments to reduce interprovincial trade barriers.

SEE MORE

The Canadian Investment Regulatory Organization (CIRO) is updating the general notes and definitions in its Mutual Fund Dealer Rules (MFDR) Form 1 and Investment Dealer and Partially Consolidated (IDPC) Form 1. The amendments clarify accounting options available to dealer members for the derecognition of financial liabilities.

SEE MORE