My Blog List

Friday, 20 April 2018

Cybersecurity Risks for Directors and Officers – Fasken


In a growing number of cybersecurity cases, affected stakeholders are seeking to hold directors and officers personally liable and a number of officers have been ousted. In this short bulletin, Fasken highlights a number of key developments and considerations for directors and officers in relation to these matters.

The full bulletin can be viewed here.

Wednesday, 18 April 2018

Canadian Regulators Propose Broad Derivatives Dealer and Adviser Business Conduct Rules – Blakes


On April 4, 2017, the Canadian Securities Administrators (CSA) published for comment Proposed National Instrument 93-101, which would impose a range of business conduct requirements on Canadian and foreign persons engaged in the business of trading in over-the-counter derivatives (derivatives) with Canadian clients (Derivatives Dealers) or advising Canadian clients in connection with transacting in derivatives (Derivatives Advisers) in any Canadian province or territory (jurisdictions).


The full summary by Blakes can be viewed here.

Annual OSC Compliance Review

The Ontario Securities Commission on Wednesday April 18 issued its 2018 Risk Assessment Questionnaire. This is sent annually to portfolio managers, investment fund managers, exempt market dealers, restricted portfolio managers and restricted dealers registered in Ontario. The survey helps determine which firms are selected for compliance reviews by the OSC.

The Portfolio Manager questionnaire can be viewed at this link.
The Investment Fund Manager version is available here.

Tuesday, 17 April 2018

New QST Registration Rules – Implications to Asset Managers Providing Services to Quebec Residents - PWC

The March 27, 2018 Quebec budget proposes to expand the Quebec Sales Tax (QST) registration rules to non-residents of Quebec, that supply services to individuals that reside in Quebec. Canadian-resident asset managers and investment advisers may be required to register for QST under a “new specified registration system” and to collect QST on supplies made to “specified Quebec consumers.

The complete article can be viewed here.

Monday, 9 April 2018

Guidance on Order Execution Only Services and Activities – IIROC

IIROC has announced that member firms will be required to rebate the portion of a mutual fund’s trailing commission that is related to advice.

The complete notice can be viewed here.

Corporate Tax Rates Legislation Status 2018 #1 - PWC

The accounting status of tax developments announced between Jan. 1 and Mar. 31, 2018 are summarized by PWC in this article.

The article can be found here.

Monday, 2 April 2018

2018-2019 Statement of Priorities – OSC


Every year, the OSC publishes a Statement of Priorities for the current fiscal year. The Statement of Priorities serves as the guide for the OSC’s ongoing operations.
The full statement of priorities for the Financial Year to End March 31, 2019 can be viewed here.