FCA expanding the scope of its Advice Unit
The unit, part of FCA Innovate, provides feedback for fintech firms
- By: James Langton
- June 30, 2017 May 31, 2019
- 11:25
Latest news in From the Regulators
Securities industry veteran named FINRA chairman
William Heyman will take the helm at the U.S. SRO in July
- By: James Langton
- June 30, 2017 May 31, 2019
- 10:15
MFDA fines Worldsource $150,000 for supervisory failings
The firm did not report allegations against a rep to the MFDA’s Member Event Tracking System or carry out an adequate investigation
- By: James Langton
- June 30, 2017 May 31, 2019
- 09:20
New rules for target benefit multi-employer pension plans coming to Ontario
Temporary solvency funding for these plans will remain in place until August 2018
- By: James Langton
- June 29, 2017 May 31, 2019
- 14:55
IIAC calls for IIROC to review its conflicts rules
Streamlining of rules, further guidance should be considered
- By: James Langton
- June 29, 2017 May 31, 2019
- 14:20
OSC approves IIROC rules to support move to T+2
The amendments are intended to ensure the transition to the T+2 settlement cycle takes place on Sept. 5 and is harmonized with the U.S.
- By: James Langton
- June 29, 2017 May 31, 2019
- 13:50
MFDA to require dealers to notify clients of regulatory oversight
The proposed new rule would require mutual fund dealers to include the MFDA logo on their client account statements on websites
- By: James Langton
- June 29, 2017 May 31, 2019
- 13:15
OSC reiterates commitment to introduce a best interest standard
The regulator’s final statement of priorities, published on Thursday, also includes a commitment to deal with embedded commissions
- By: James Langton
- June 29, 2017 May 31, 2019
- 12:00
Regulators’ proposals would improve access to foreign markets
Resale of foreign securities would be simplified under CSA and OSC amendments
- By: James Langton
- June 29, 2017 May 31, 2019
- 11:15
BCSC compliance review highlights top deficiencies
Shortcomings in client statements, followed by KYC, conflicts of interest and advertising were the top compliance issues for dealers
- By: James Langton
- June 28, 2017 May 31, 2019
- 16:30
CASL: some implied consent rules end July 1
The end of a three-year transition period means express consent may be required
- By: Patricia Chisholm
- June 28, 2017 May 31, 2019
- 15:15
Nevada to impose fiduciary duty on brokers
Although the province already has such a standard on financial planners, it’s now expanding the rule to include broker-dealers, sales reps and advisors
- By: James Langton
- June 28, 2017 May 31, 2019
- 14:20
FCA proposes reforms for U.K. asset-management industry
The regulator’s proposed reforms aim to enhance competition in the market and to better protect investors
- By: James Langton
- June 28, 2017 April 16, 2019
- 11:50
SEC charges Penn West, former execs with accounting fraud
The alleged fraud allowed the firm to artificially reduce its operating costs, improving its extraction efficiency metrics and profitability
- By: James Langton
- June 28, 2017 April 16, 2019
- 11:05
IOSCO, CPMI set out draft guidance for stress testing CCPs
The exercise would help regulators understand how a market crash would affect multiple CCPs, financial market infrastructure and the economy
- By: James Langton
- June 28, 2017 April 16, 2019
- 10:55
IOSCO plans to promote investor protection and education
The initiative, to be known as World Investor Week, will feature regulators around the world launching investor-focused campaigns in October
- By: James Langton
- June 28, 2017 April 16, 2019
- 09:30
U.S. authorities recover US$23 million from Madoff’s deceased sons
The assets will be liquidated and distributed to victims either through the Madoff Victim Fund or through the BLMIS Customer Fund
- By: James Langton
- June 27, 2017 April 16, 2019
- 14:40
No-contest settlement with RBC firms will see clients repaid $21.8 million
The OSC has now reached no-contest settlements with all of the big banks and several other firms, generating about $342 million in compensation
- By: James Langton
- June 27, 2017 April 16, 2019
- 13:30
Global regulators seek greater harmonization of OTC derivatives
Comments on the IOSCO consultation are due by Aug. 30
- By: James Langton
- June 27, 2017 April 16, 2019
- 11:50
Canadian insurance regulators focus on three key priorities
The CCIR plans to continue developing a Canadian market conduct regime that reflects the standards the International Association of Insurance Supervisors have set out
- By: Megan Harman
- June 27, 2017 April 16, 2019
- 11:30
New Brunswick regulator reports increase in suspected fraud
The FCNB will be operating kiosks at several events this summer in an effort to raise investor awareness about fraudulent schemes
- By: James Langton
- June 27, 2017 April 16, 2019
- 10:00
OSC rejects Hanane Bouji’s application to serve as Global RESP firms’ UDP
The regulator is concerned that Bouji’s father, who has been banned, remains actively involved in the businesses
- By: James Langton
- June 26, 2017 April 16, 2019
- 14:45
European regulators publish AML/CFT guidelines
The guidelines are part of European Union’s fight against money laundering and the financing of terrorism
- By: James Langton
- June 26, 2017 April 16, 2019
- 11:50
Bank for International Settlements revising governance
The changes are intended improve the functioning and flexibility of the BIS board
- By: James Langton
- June 26, 2017 April 16, 2019
- 11:00
OSFI proposing revisions to capital adequacy regime for life insurers
The new requirements are due to take effect next year
- By: James Langton
- June 23, 2017 April 16, 2019
- 11:15