New guidance from OSC on mutual fund-sponsored sales conferences
The aim is to avoid conflicts of interest when selecting reps to attend conferences
- By: James Langton
- December 22, 2016 December 19, 2017
- 13:45
Latest news in From the Regulators
MFDA receives client complaints about proprietary products
Products that can’t be transferred to a new fund dealer should be specifically disclosed to clients at the point of sale
- By: James Langton
- December 22, 2016 December 19, 2017
- 13:10
OSC reviews RESP providers
The review to assess operational practices began in November
- By: James Langton
- December 22, 2016 December 19, 2017
- 11:50
FINRA fines 12 firms a total of US$14.4 million
Firms sanctioned for failing to protect records from alteration
- By: James Langton
- December 21, 2016 December 19, 2017
- 14:00
OSFI issues draft guideline on model risk management
The use of internal models by financial institutions has increased
- By: James Langton
- December 21, 2016 December 19, 2017
- 11:40
IOSCO flags risks of OTC leveraged products
Regulators are concerned that retail investors may not be able to assess the risks associated with these complex products
- By: James Langton
- December 21, 2016 December 19, 2017
- 10:40
MFDA releases guide to new CRM2 reports for investors
The guide uses plain language to explain products, performance and cost
- By: Tessie Sanci
- December 20, 2016 December 19, 2017
- 17:00
NASAA launches investor education initiative
New program targets workplaces in Canada and the U.S.
- By: James Langton
- December 20, 2016 December 19, 2017
- 17:00
Fraudsters sentenced to jail and ordered to pay $6.7 million in restitution
William Wallace and Robert Heward diverted funds raised in a gold mine promotion scheme
- By: James Langton
- December 20, 2016 December 19, 2017
- 12:50
EBA collects data from commodity derivatives firms
European policymakers seek to set new prudential requirements for investment firms.
- By: James Langton
- December 20, 2016 December 19, 2017
- 11:55
Court dismisses appeal of OSC ruling in fraud case
A $16.5-million disgorgement order against two First Leaside executives was upheld
- By: James Langton
- December 20, 2016 December 19, 2017
- 11:30
Large U.S. banks to publicly disclose liquidity strength
U.S. banking regulators adopt new rule
- By: James Langton
- December 19, 2016 December 19, 2017
- 15:30
European Supervisory Authorities won’t take action on robo-advisors
Regulators publish conclusions on automation in financial advice
- By: James Langton
- December 19, 2016 December 19, 2017
- 12:30
European regulators consult on big data
Discussion paper asks whether the existing regulatory framework is sufficiently flexible, has gaps which need to be filled and how it impacts the use of…
- By: James Langton
- December 19, 2016 December 19, 2017
- 11:10
OSFI to review expectations for boards of directors
The regulator is starting its review with a sample of boards from federally regulated financial firms of different sizes and business models
- By: James Langton
- December 16, 2016 December 19, 2017
- 17:00
AMF increases regulatory fees in Quebec for 2017
For firms regulated under securities law, among others, fees are going up by 0.74%
- By: James Langton
- December 16, 2016 December 19, 2017
- 16:35
IOSCO guidance focuses on best practices stemming from LIBOR scandal
The guidance sets out the regulators’ expectations about the level of detail that should be included in disclosure from benchmark administrators
- By: James Langton
- December 16, 2016 December 19, 2017
- 10:45
FSB proposes new guidance on resolution standards for big banks
The guidance addresses the risk of a bank in resolution being unable to maintain access to critical clearing, payment, settlement and custody services
- By: James Langton
- December 16, 2016 December 19, 2017
- 10:40
FINTRAC issues guidance on financial crimes associated with sex trafficking
The purpose of the alert “is to support financial institutions in recognizing and reporting” financial transactions that may be related to sex trafficking
- By: James Langton
- December 16, 2016 December 19, 2017
- 10:30
Regulators flag major concerns with industry compensation practices
The CSA, IIROC and the MFDA identify how compensation arrangements create conflicts of interest or lead advisors to sell unsuitable products
- By: James Langton
- December 15, 2016 December 19, 2017
- 15:50
No-contest settlement with BMO firms will see clients repaid $50 million
The BMO subsidiaries will also make a $2.1-million payment to the OSC and pay $90,000 in costs for overcharging certain retail clients
- By: James Langton
- December 15, 2016 December 17, 2018
- 15:00
CSA proposes alternative funds be made available to retail investors — with safeguards
Dan Richards, CEO, Client Insights and Rebecca Cowdery, partner at Borden Ladner Gervais LLP, discuss the Canadian Securities Administrators' proposal to make alternative funds available…
- By: Dan Richards, Rebecca Cowdery
- December 15, 2016 November 7, 2018
- 14:25
ESMA proposes rule changes to data trade repositories report
The proposal is part of an effort to improve transparency in the over-the-counter (OTC) derivatives markets
- By: James Langton
- December 15, 2016 December 19, 2017
- 12:55
CSA delays release of paper on reforms to mutual fund fees
The regulators will now release the paper on Jan. 10, 2017, which will go then go out for a longer than usual comment period of…
- By: James Langton
- December 15, 2016 November 9, 2019
- 12:30
OSFI releases final new capital rules for mortgage insurers
The new rules have adopted several changes resulting from the feedback the federal regulator received during the consultation period
- By: James Langton
- December 15, 2016 December 19, 2017
- 11:45