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Uncategorized

Sep
24
2020
Five former chairs of the Ontario Securities Commission (OSC) headline the regulator’s annual policy conference on Nov. 4.  The OSC has opened registration for its annual policy conference, Dialogue with the OSC, which is going virtual this year due to Covid-19. Click here to read the Investment Executive article
Sep
23
2020
New Brunswick’s Financial and Consumer Services Commission (FCNB) is seeking feedback on its plans for a new program to reunite people with their lost or forgotten financial assets. Click here to read the Investment Executive article
Sep
21
2020
Investor advocacy in Canada is increasingly shifting in-house to the boards and advi­sory panels of the investment industry’s regulators. But stable and reliable funding for independent investor advocacy is badly needed, experts say. Click here to read the Investment Executive article
Sep
21
2020
The Ontario Capital Markets Modernization Taskforce, which began its review of the province’s securities laws in February, published its draft recommendations in July. The task force aims to deliver its final recommendations to the government by the end of the year, despite conducting most of its consultations amid a global pandemic. Click here to read the […]
Sep
03
2020
Self-regulatory organizations (SROs) and other groups have recently issued reports and proposals focusing on improving regulatory oversight of dealers, gaining efficiencies and reducing regulatory burden. The Capital Markets Modernization Taskforce and the Mutual Fund Dealers Association (MFDA) both contemplate the creation of a single SRO that covers all advisory firms, including portfolio managers (PMs), exempt market dealers and scholarship […]
Sep
03
2020

In a submission to the Ontario government’s consultation on capital markets reform, the CSA said recommendations in the task force’s initial report focused on altering enforcement practices at the OSC “could ultimately impair CSA enforcement processes and undermine investor protection.” Click here to read the Investment Executive article
Aug
28
2020
A review by Deloitte LLP published on August 25, 2020 analyzes the potential benefits to the financial services industry of a merger between the Investment Industry Regulatory Organization of Canada (IIROC), the member-funded group that oversees investment dealers across Canada; and the Mutual Fund Dealers Association of Canada (MFDA), the industry group that oversees mutual […]
Aug
28
2020
Two groups of investors are pushing ahead in separate class action lawsuits against Canada’s largest discount brokerages, alleging the companies incorrectly charged billions of dollars in fees for advice they did not provide. Click here to read the Globe and Mail article
Aug
19
2020
Financial service professionals will be held to a higher standard as the Ontario government pushes ahead with plans to crack down on people who use the title of “financial planner” or “financial adviser.” Click Here to read the Globe and Mail article
Aug
13
2020
Reps who want to call themselves “financial planners” will have to clear a higher bar than those that aim to identify as “financial advisors” under proposed new minimum standards from the Financial Services Regulatory Authority of Ontario (FSRA). Click Here to read the Investment Executive article