New Zealand enters new era in financial regulation
Regulators shifting their focus to industry conduct, not simply compliance
- By: James Langton
- December 1, 2016 December 19, 2017
- 16:00
Latest news in From the Regulators
IIROC proposes fee model for corporate debt securities data
The self-regulatory organization is also considering an expansion of the service that would allow it to distribute data for bulk download for a fee
- By: James Langton
- December 1, 2016 December 19, 2017
- 12:55
U.S. court to allow the IRS to unmask virtual currency exchange users
The “John Doe” summons directs the exchange, Coinbase, to produce records identifying U.S. taxpayers who have used its services
- By: James Langton
- December 1, 2016 December 19, 2017
- 11:45
EC adopts rules to strengthen regulation of commodities markets
New rules will take effect in January 2018
- By: James Langton
- December 1, 2016 December 19, 2017
- 11:15
The NSSC has ceased trades on community development fund
Home Safe Living Investment Fund failed to file its annual financials for the year ended June 30 by the Nov. 17 deadline
- By: James Langton
- November 29, 2016 December 19, 2017
- 12:35
OSC appoints two new commissioners
Bay Street lawyer Phil Anisman and industry executive Frances Kordyback have begun serving two-year terms
- By: James Langton
- November 29, 2016 December 19, 2017
- 11:45
MFDA hearing panel sanctions former advisor almost $1 million
The advisor, Gilles Robert Latour, was also banned permanently for soliciting and failing to repay loans from senior clients
- By: James Langton
- November 29, 2016 December 19, 2017
- 07:00
FINRA sanctions brokerage firm for conflicts of interest
VALIC Financial Advisors was fined US$1.75 million for giving its registered reps a financial incentive to recommend proprietary products
- November 28, 2016 December 19, 2017
- 16:15
U.S. regulator draws attention to sales incentives
The CFPB is warning financial services firms to avoid using sales incentives that encourage employees to put consumers into inappropriate products
- By: James Langton
- November 28, 2016 December 19, 2017
- 14:35
AMF consults on regulation of real estate investments
Proposed rule aims to simplify the framework governing certain real estate distributions
- By: James Langton
- November 28, 2016 December 19, 2017
- 13:45
ASC orders former broker to pay more than $500,000 for violating securities laws
The regulator considers Nelson Bradbury “a continuing danger to the investing public” because of the infractions he has committed during his lifetime
- By: Tessie Sanci
- November 25, 2016 December 19, 2017
- 15:30
IIROC to issue new mobile-friendly versions of its logo
The SRO is also redesigning the official brochure that firms will be required to distribute to new retail clients when they open an account early…
- By: James Langton
- November 24, 2016 December 19, 2017
- 15:15
Regulators propose new rules to ensure all shareholders are treated fairly
The rules that securities commissions in Alberta, Manitoba and New Brunswick are proposing are already in place in Ontario and Quebec
- By: James Langton
- November 24, 2016 December 19, 2017
- 14:00
OSC stresses concerns with several financial reporting issues
The regulator’s notice examines several financial reporting issues, such as the use of non-standard accounting metrics
- By: James Langton
- November 24, 2016 December 19, 2017
- 13:10
Ontario finance minister to participate in OSC hackathon
RegHackTo brings together innovators, strategists and developers to explore solutions to regulatory issues
- By: James Langton
- November 23, 2016 December 19, 2017
- 14:40
OSC releases agenda, participants for major roundtable discussion
The event will examine the proposed reforms that CSA put forth in a consultation paper this past April
- November 23, 2016 December 19, 2017
- 14:15
Basel Committee proposals clarify rules on combating money laundering and terrorist financing
Proposed revisions recognize that not all correspondent banking relationships bear the same level of risk
- By: James Langton
- November 23, 2016 December 19, 2017
- 10:00
CSA defends approach to regulating the provision of market data
The regulators issued a statement on Tuesday following news that the Competition Bureau has discontinued an investigation into TMX Group
- By: James Langton
- November 22, 2016 December 19, 2017
- 16:10
U.S. CFTC releases enforcement results for fiscal 2016
The regulator filed 68 enforcement cases and achieved more than US$1 billion in monetary sanctions ordered
- By: James Langton
- November 21, 2016 December 19, 2017
- 15:50
MFDA fulfilling its duties, but room for improvement exists, CSA finds
Although the MFDA’s processes are “effective, efficient and applied consistently and fairly,” it could take a harder line against registrants
- By: James Langton
- November 18, 2016 December 19, 2017
- 11:40
High cost of active management not justified, FCA study finds
The U.K. regulator is proposing reforms designed to improve competition in the market, including a stronger duty on asset managers to act in the best…
- By: James Langton
- November 18, 2016 December 19, 2017
- 11:15
OSC Investor Office makes its mark in first year
The office’s establishment has paid off, as there have been significant increases in use and participation of education and outreach activities
- By: IE Staff
- November 18, 2016 December 19, 2017
- 10:50
FSB announces 2017 work plan
Updated lists of global systemically-important banks and insurers will be released next week
- By: James Langton
- November 17, 2016 December 19, 2017
- 17:15