My Blog List

Wednesday, 20 September 2017

BC Securities Commission Grants First Registration in Canada to Bitcoin Investment Fund Manager - Gowling WLG

The British Columbia Securities Commission (BCSC) has announced the first registration in Canada of an investment fund manager solely dedicated to the management of cryptocurrency investments.


The article by Gowling WLG can be viewed here.

Monday, 18 September 2017

National Bank Correspondent Network (NBCN)

At NBCN we have a passion for finding innovative solutions to complex situations. We believe in partnering and helping independent wealth management firms grow their business. As a trusted partner, we offer integrated client centric products and services to Investment Fund Managers, Portfolio Managers and Introducing Broker Dealers.

Information on our investment fund services can be found here.

Thursday, 14 September 2017

Qualified Investments under the ITA – Minden Gross

Fund managers operating an investment fund that has not met the definition of a mutual fund trust or mutual fund corporation, that are also registered investments under the ITA are restricted to just purchasing qualified investments.

This article reviews what is eligible.

Wednesday, 13 September 2017

Draft GST/HST Proposals - Limited Partnerships & General Partners – PWC

Draft legislative proposals released by the Department of Finance (Finance) on September 8, 2017, deem management and administrative services provided by a general partner to an investment limited partnership to be a GST/HST taxable service, requiring the general partner to collect GST/HST on the fair market value of the service.


The complete bulletin can be viewed here.

Wednesday, 6 September 2017

Off-Book Investment with Dealer & Subsequent Loss – Torys

This article reports on a recent court case where an investor lost a significant amount on an investment where advice was received from a broker. The investment was held off-book by the dealer.

The complete article can be viewed here.

Wednesday, 30 August 2017

ETF Facts – Upcoming Transition Date – Fasken Martineau

Exchange-traded fund (ETF) managers are reminded that, as of September 1, 2017, they will be required to file an "ETF Facts" document in conjunction with the filing of any ETF prospectus.

The brief summary by Fasken Martineau can be viewed here.

Thursday, 24 August 2017

CSA Outlines Requirements for Cryptocurrency Offerings

The CSA published today Staff Notice 46-307 Cryptocurrency Offerings, which outlines how securities law requirements may apply to initial coin offerings (ICOs), initial token offerings (ITOs), cryptocurrency investment funds and the cryptocurrency exchanges trading these products.


The complete Staff Notice can be viewed here.