Investment SolutionsRegulatory Issues

Canadian securities regulators move forward with embedded commissions bans

VANCOUVER, BC–Canadian securities regulators announced today that they will ban two types of commissions that are embedded in some mutual fund purchases. Canadian Securities Administrators (CSA) Staff Notice 81-332, Next Steps on Proposals to Prohibit Certain Investment Fund Embedded Commissions explains that the participating provinces and territories expect to publish …

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Regulatory Issues

Canadian securities regulators announce review of framework for self-regulatory organizations

TORONTO and VANCOUVER, BC–The Canadian Securities Administrators (CSA) will undertake a review of the regulatory framework for the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). “The regulatory framework for these self-regulatory organizations has been in place for several years, and the …

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Regulatory Issues

Canadian securities regulators outline corporate governance disclosure expectations for cannabis issuers

TORONTO, ON—Securities regulatory authorities in Ontario, British Columbia, Quebec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia (the participating jurisdictions) today published guidance to help cannabis issuers strengthen their governance disclosures, including disclosure of financial interests in significant corporate transactions. The cannabis industry has experienced significant growth, along with merger and …

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Canadian Equipment Finance Fall 2019 IssueIndustry NewsRegulatory Issues

The Future with CUSMA

By Brendan Read The Canada-United States-Mexico Agreement (CUSMA), also known as the USMCA will, when, (but increasingly looking like ‘if’) ratified, provide a renewed foundation for trade between all three countries. CUSMA is to replace the North American Free Trade Agreement (NAFTA). CUSMA was signed by Prime Minister Justin Trudeau, …

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Industry NewsRegulatory Issues

OPSEU First Vice-President/Treasurer: Capping wages is a waste of time, effort, and money

TORONTO–OPSEU’S First Vice-President-Treasurer is going to Queen’s Park on Monday to put the Ford government on notice its legislation to trample the collective bargaining rights of public sector workers could be yet another expensive boondoggle. “Climate change. Hallway health care. The gender pay gap. The high cost of housing and …

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Capital MarketsComplianceRegulatory Issues

BCSC to get strongest collection and enforcement powers in Canada

VANCOUVER–The provincial government has announced sweeping changes to the Securities Act, giving the British Columbia Securities Commission (BCSC) some of the strongest powers in the country to protect investors and tougher consequences for wrongdoers. “We’d like to thank the B.C. government for taking action to crack down on white collar …

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Regulatory Issues

FSRA Issues a New Guidance Framework to Clarify Requirements in Regulated Sectors

TORONTO–The Financial Services Regulatory Authority (FSRA) has committed to ensure clarity for stakeholders and consumers around their legal requirements and expectations. We are delivering on this commitment today by issuing a new Guidance Framework to standardize the guidance we issue across regulated sectors. FSRA supervises and regulates a number of …

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