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
Latest news in From the Regulators
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
Australia, Japan agree to co-operate on fintech
Regulators have developed a framework for sharing information and supporting innovative fintech businesses
- By: James Langton
- June 23, 2017 April 16, 2019
- 10:15
OSC to hold no-contest settlement hearing with RBC firms
The three companies in question self-reported inadequacies in their systems that resulted in some clients paying excess fees
- By: James Langton
- June 23, 2017 April 16, 2019
- 06:30
Basel Committee examines CCBs
Report finds range of practices in implementing the countercyclical capital buffer policy designed to protect banking sector
- By: James Langton
- June 22, 2017 April 16, 2019
- 13:35
CSA extends issuer regulatory burden consultation
Deadline pushed back until July 28
- By: James Langton
- June 22, 2017 April 16, 2019
- 11:30
CRA commits to improving tax objections process
The federal government has accepted nine recommendations included in a report from last autumn aimed at speeding up the process of resolving objections
- By: Rudy Mezzetta
- June 22, 2017 April 16, 2019
- 10:40
MFDA fines DFSS $200,000 for failure to supervise rep
Desjardins Financial Security Services admitted to the supervisory lapses involving former rep Conrad Eagan
- By: James Langton
- June 22, 2017 April 16, 2019
- 09:50
Vancouver man arrested for breaching BCSC order
Won Sang Shen Cho is permanently banned from trading and purchasing securities
- By: James Langton
- June 21, 2017 April 16, 2019
- 14:30
New Zealand regulator proposes exemption to law to allow robo-advisors
The country’s current securities laws, which were passed before the advent of robo-advisors, require that only a “natural person” can give advice
- By: James Langton
- June 21, 2017 April 16, 2019
- 11:55
FSB consults on compensation tools to address misconduct
Draft guidance aims to help firms use clawbacks and other tools to deter misconduct in the financial industry
- By: James Langton
- June 20, 2017 April 16, 2019
- 16:10
OSC launches revamped investor education website
GetSmarterAboutMoney.ca now designed for visitors using mobile devices and tablets
- By: IE Staff
- June 20, 2017 April 16, 2019
- 11:00
IOSCO issues report on order routing incentives
Various jurisdictions are undertaking reforms
- By: James Langton
- June 19, 2017 April 16, 2019
- 16:10
Big changes to OSC’s independent Investor Advisory Panel
The IAP’s seven new members are Neil Gross, Malcolm Heins, Paul Bates, Jacqueline Allen, Larry Bates, Patti Best and Harvey Naglie
- By: James Langton
- June 19, 2017 April 16, 2019
- 14:30
MSC reduces penalties IIROC levied against Winnipeg advisor
Thanks to new evidence, Ravindra Kumar Suppal’s fine was reduced to $50,000 from $150,000 and his suspension was reversed
- By: James Langton
- June 19, 2017 April 16, 2019
- 13:10
OSC seeks members for SMEs committee
Applications are due by June 30
- By: James Langton
- June 19, 2017 April 16, 2019
- 11:00
MFDA bans former advisor for engaging in undisclosed business activity
The former rep reached a settlement with the regulator, admitting to violating several investment industry rules
- By: James Langton
- June 19, 2017 April 16, 2019
- 10:35
OSC to hold roundtable on embedded commissions
Ontario’s main regulator will host a public hearing on the long-running debate over a possible regulatory ban on embedded commissions
- By: James Langton
- June 19, 2017 April 16, 2019
- 10:00
Finance Canada issues proposed rules for large banks’ “bail-in” regime
The bank recapitalization regime would allow authorities to recapitalize a failing bank by converting some of its debt into common shares
- By: James Langton
- June 16, 2017 March 1, 2019
- 15:00
CRA real estate audits lead to more than $17 million in penalties
The federal tax agency completed more than 21,000 files related to real estate that resulted in more than $329.4 million in unreported assessed income
- By: Rudy Mezzetta
- June 16, 2017 March 1, 2019
- 14:40
OSC bans Garth Drabinsky permanently from capital markets
The decision brings regulatory proceedings that began against the former theatre impresario and a couple of his associates in 2001 to a close
- By: James Langton
- June 16, 2017 March 1, 2019
- 14:10
FCA issues update on regulatory sandbox
The U.K. regulator received 77 applications for the second phase of the sandbox from firms seeking to test innovative products and services
- By: James Langton
- June 15, 2017 March 1, 2019
- 14:35
IIROC campaign raises issues related to advisor retirement
The regulator released a video providing advice for senior investors on what to consider when their existing advisor retires
- By: James Langton
- June 15, 2017 March 1, 2019
- 12:50