The Canadian Securities Administrators (CSA) finalized amendments to NI 52-112 to align non-GAAP disclosure rules with IFRS 18, effective for annual periods beginning January 1, 2027 (subject to approval). The changes allow certain disclosures by reference and require non-GAAP measures to be no more prominent than IFRS-mandated totals.

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The Canadian Investment Regulatory Organization (CIRO) is proposing to extend volatility controls to cover extended trading hours. Updates to its Guidance on Marketplace Thresholds and Guidance on Single-Stock Circuit Breakers clarify how these controls would apply outside regular trading hours of 9:30 a.m. to 4:00 p.m. ET. Comments are due by November 12, 2026.

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The Canadian Securities Administrators (CSA) have finalized a ban on investment fund chargebacks, citing conflicts of interest. Unlike deferred sales charges (DSCs), which are paid by investors, chargebacks involve compensation payments between registrants.

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The Ontario Securities Commission’s (OSC) Registration, Inspections and Examinations Division has released its 2026 Annual Report, highlighting cybersecurity and AI governance gaps, new OTC derivatives dealer examinations, and recurring compliance deficiencies in fees, whistleblower protections, and client suitability. The report reinforces regulatory scrutiny and the potential for significant sanctions for misconduct.

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The Canadian Investment Regulatory Organization (CIRO) says extended trading hours offer investors greater flexibility to react to news outside regular market hours but also carry risks. New guidance aims to improve transparency and help investors make informed decisions as a new alternative trading platform expands after-hours access.

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The Canadian Investment Regulatory Organization’s (CIRO) 2026 Acceptable Institutions (AI) and Acceptable Counterparties (AC) database is now available online, helping Dealer Members code customer accounts under Form 1 definitions. The database is not exhaustive, and members remain responsible for counterparty risk and accurate account coding.

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The Canadian Investment Regulatory Organization (CIRO) has released its 2026 Annual Report, covering activities from April 1, 2025, to March 31, 2026. CIRO reported that it met all of its 2026 Annual Priorities while advancing key objectives under its Strategic Plan, alongside its ongoing mandate to protect investors and promote market integrity.

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The Borden Ladner Gervais LLP (BLG) Investment Management Group has updated its Investment Fund Rules Book, to incorporate key National Instruments and policies governing Canadian investment funds and their managers, including amendments effective July 1, 2026.

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The Canadian Investment regulatory Organization (CIRO) has issued the first in a series of compliance bulletins outlining practical guidance to help Dealers and Approved Persons meet Client Focused Reform (CFR) requirements and ensure suitable investment decisions, while allowing flexibility in compliance approaches.

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The Canadian Securities Administrators (CSA) has released a report examining the secure transfer of KYC data between financial institutions and fintechs. There was no consensus on the most effective implementation model. The CSA will monitor the federal government’s consumer-driven banking framework rather than launch a live test.

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