My Blog List

Friday, 22 June 2018

Investment Fund Rules Book and Registration Rules Book – BLG


BLG’s Investment Management Group is pleased to share their updated Investment Fund Rules Book and Registration Rules Book with clients and friends. These rule books contain compilations of the various instruments that are in common use by the Canadian investment management industry.

The full BLG  communication with rule books can be found here

Thursday, 21 June 2018

OSC drops push for ‘best interest’ standard – Financial Post

The Ontario Securities Commission has dropped a controversial plan to introduce a “best interest” standard holding financial advisers to a higher duty of care after other market regulators across the country failed to embrace it.

The complete article can be viewed here.

CSA Staff Report – Embedded Commissions & Next Steps

Since the publication of the Consultation Paper on Discontinuing Embedded Commissions, the CSA have evaluated all feedback received throughout the consultation process, including through written submissions and numerous in-person consultations. Further to that evaluation of feedback received, the CSA are now proposing a number of policy changes.

The complete notice can be viewed here.

A summary by Investment Executive is at this link.

Monday, 18 June 2018

Significant Changes Proposed to Canada’s AML & ATF – Fasken


On June 9, 2018, amendments to the regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) were proposed by the Department of Finance (the Proposed Regulations). The Proposed Regulations are wide ranging, and include a number of substantive changes as well as technical amendments.

The complete Fasken article can be viewed here.

Thursday, 14 June 2018

CSA Seek Second Round of Input – Proposed Business Conduct – Derivatives Dealers & Advisers

The Canadian Securities Administrators (CSA) today published a notice and second request for comment (the Notice) on Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101 CP Derivatives: Business Conduct (collectively, the Proposed Instrument). The Proposed Instrument establishes a business conduct regime for regulating dealers and advisers in over-the-counter (OTC) derivatives in Canada.

The complete CSA notice can be viewed here.

The Proposed Instrument in Ontario is at this link.

Wednesday, 30 May 2018

Proposed CSA Derivatives Registration Rule – Who Must Register – McMillan

This article from McMillan provides more details on who must apply for this new derivatives registration.

Please refer to this link.

Thursday, 24 May 2018

Reducing the Regulatory Burden for Investment Funds - CSA

The Canadian Securities Administrators (CSA) today published CSA Staff Notice 81-329 Reducing Regulatory Burden for Investment Fund Issuers, which outlines the CSA’s plan to pursue four initiatives in the near-term that would remove redundancies and streamline disclosure requirements for investment fund issuers.

The CSA notice can be viewed here.