IOSCO report helps regulators combat wholesale market misconduct
Tools aim to help IOSCO members address these risks in their own markets
- By: James Langton
- June 13, 2017 March 1, 2019
- 10:10
Latest news in From the Regulators
Central bank warns of cyberattack vulnerabilities in financial sector
Report urges banks to co-operate on countering the threats that are not going away any time soon
- By: Mike Blanchfield, Jim Bronskill, The Canadian Press
- June 13, 2017 March 1, 2019
- 06:30
Big banks defend their records to MPs
Bank officials strongly deny allegations of questionable sales practices
- By: Andy Blatchford
- June 12, 2017 March 1, 2019
- 18:00
CRA seeks comments on proposed changes to Voluntary Disclosures Program
The federal tax agency is seeking to provide less generous relief in certain circumstances
- June 12, 2017 March 1, 2019
- 10:30
Alberta bolsters IIROC’s investigative powers
New legal tools strengthen investor protection
- By: James Langton
- June 9, 2017 March 1, 2019
- 14:35
Bossteam E-Commerce investors encouraged to submit claims
The receiver is accepting claims from investors until Aug. 4, BCSC says
- By: IE Staff
- June 8, 2017 March 1, 2019
- 14:30
CSA proposes changes to exempt distribution reporting requirements
The regulators’ proposals are intended primarily to address the concerns of foreign dealers and Canadian institutional investors
- By: James Langton
- June 8, 2017 March 1, 2019
- 12:20
OSC seeks members for market structure advisory committee
Applications are due by July 7
- By: James Langton
- June 8, 2017 March 1, 2019
- 09:30
Ex-bankers share allegations of shady bank sales practices with federal MPs
Committee hearings follow reports about employees at some big banks who were allegedly pressured to sell unnecessary products and services
- By: Andy Blatchford
- June 7, 2017 March 1, 2019
- 20:00
Basel Committee updates AML guidance
Revisions aim to respond to growing concerns that financial institutions are exiting correspondent banking
- By: James Langton
- June 7, 2017 March 1, 2019
- 10:50
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
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