ESMA cautions against less stringent regulation for fintechs
No strong case for the creation of specific licensing categories for fintech startups, consultation paper says
- By: James Langton
- June 7, 2017 March 1, 2019
- 10:05
Latest news in From the Regulators
U.S. Supreme Court rules that SEC disgorgement constitutes a penalty
As a result, any claim for disgorgement in an SEC enforcement action must be commenced within five years of the date the claim accrued
- By: James Langton
- June 5, 2017 March 1, 2019
- 14:10
ESMA aims to increase financial product governance obligations
Manufacturers of financial products must specify a target market of end clients for whom the products are intended
- By: James Langton
- June 2, 2017 March 1, 2019
- 11:55
IIROC, LICS deal aims to prevent rogue reps from moving between sectors
Under the MoU, the two regulators will share information about investigations and disciplinary activity and may also undertake joint investigations
- By: James Langton
- June 2, 2017 March 1, 2019
- 11:00
No sanctions for 43 of 45 Home Capital brokers and agents, FSCO says
The sanctions show that the province's regulatory system is protecting the public interest, Ontario finance minister says
- By: Alexandra Posadzki, David Hodges
- June 1, 2017 March 1, 2019
- 15:40
IIROC to prioritize compensation-related conflicts in the year ahead
The SRO will also look at regulation of robo-advisors and continue to focus on increasing its enforcements efforts
- By: James Langton
- June 1, 2017 March 1, 2019
- 11:40
FSCO reports decrease in insurance advisors’ compliance rates
In part, this was because the insurance regulator focused its compliance examinations in the latest year on agents with a high or medium risk of…
- By: Megan Harman
- May 31, 2017 November 9, 2019
- 15:50
ESAs consult on money laundering and terrorist financing risk management standards
Local laws could limit a firm’s ability to understand who their customers are
- By: James Langton
- May 31, 2017 March 1, 2019
- 11:00
OSC seeks new members for investment funds advisory committee
The regulator is looking for applications from senior industry personnel with product development experience
- By: James Langton
- May 31, 2017 March 1, 2019
- 09:40
AMF to focus on OTC derivatives market and insurance compensation
The Quebec regulator’s new strategic plan points out that factors such as fintech and intensifying competition in financial services will guide its work
- By: James Langton
- May 31, 2017 March 1, 2019
- 09:10
Adoption of big regulatory changes must avoid unintentional harm
Andrew Kriegler also pointed out during a discussion that the words “best interest” are already an integral component of IIROC’s rules
- By: Patricia Chisholm
- May 31, 2017 March 1, 2019
- 06:25
OSC hearing panel dismisses Krishna Sammy’s appeal against IIROC
Decision finds that IIROC did not err in its decision to fine and ban the former portfolio manager for five years
- By: James Langton
- May 30, 2017 March 1, 2019
- 15:10
Broker, agent who worked with subsidiary of Home Capital disciplined
FSCO says broker Gagandeep Duggal and agent Zaheer Mohammad were found to be in non-compliance
- By: The Canadian Press
- May 29, 2017 March 1, 2019
- 06:00
Most insurers complying with CCIR’s new reporting requirements
Carriers had to provide a wide range of information on the business they conducted during the previous calendar year by May 1
- By: Megan Harman
- May 26, 2017 March 1, 2019
- 15:25
MFDA reports surge in enforcement activity for 2016
The SRO brought a record 111 proceedings against both advisors and dealers and also levied $21.1 million in fines last year
- By: James Langton
- May 26, 2017 March 1, 2019
- 14:15
ASIC proposes next steps on regtech
The Australian regulator will establish a new regtech industry liaison network
- By: James Langton
- May 26, 2017 March 1, 2019
- 13:00
Ontario joins streamlined PRPP agreement
The agreement delegates responsibility for licensing, registering and supervising certain PRPPs to OSFI
- By: James Langton
- May 26, 2017 March 1, 2019
- 10:35
OSC grants relief to Invesco
The mutual fund firm will be able to finance educational events that Quebec-based lobby group for advisors, PAFSA, is hosting
- By: James Langton
- May 25, 2017 March 1, 2019
- 15:50
New cybersecurity rules for U.S. investment firms, advisors on the way
Given proposed new rules in Colorado and rules set in New York State, “it is likely that other states will issue cybersecurity requirements as well”
- By: James Langton
- May 25, 2017 March 1, 2019
- 14:00
IIROC webcast examines automated advice and suitability
The panel discussion was recorded at the 2016 IIROC compliance conference in Toronto
- By: James Langton
- May 25, 2017 March 1, 2019
- 12:40
New code of conduct aims to set standards for FX trading
Central banks are calling on FX industry firms to bring their trading practices in line with the principles of the code and to support its…
- By: James Langton
- May 25, 2017 March 1, 2019
- 10:40
Paper sets out OSC’s approach to regulatory policy
Regulators must have the courage to foster a responsive regulatory climate while protecting investors
- By: James Langton
- May 25, 2017 March 1, 2019
- 10:15
Ban on embedded commissions could take toll on non-bank dealers
New MFDA report also finds that a switch to direct-pay arrangements will “have a greater impact on those smaller advisors who are more reliant on…
- By: James Langton
- May 23, 2017 March 1, 2019
- 15:55