Latest news in From the Regulators

compliance puzzle

As CFRs loom, IIROC offers guidance

The SRO provides clarity ahead of new year-end requirements, noting how products, fees and even ESG should be discussed

Green landscape with sustainability symbols

FCA pioneers TCFD-aligned disclosure rules for asset managers

The U.K. regulator has confirmed its approach to enhancing climate-risk reporting


Collecting regulatory sanctions just got harder

Alberta appeal court finds ASC sanction doesn't survive bankruptcy

papers on a desk

Outside business activities are now simply “outside activities”

The CSA made the change, among others, in its final amendments to registration reporting requirements

  • By: IE Staff
  • December 17, 2021 December 17, 2021
  • 09:13
Modern office building close up in sunlight

Investors face huge losses in Bridging Finance case

Court filings indicate losses could top $580 million

2021 Canadian tax form

Trudeau outlines CRA’s priorities

Minister of National Revenue's mandate letter emphasizes Covid recovery support and combating aggressive tax planning

changes ahead sign

SEC seeks money market reforms

Proposals aim to address liquidity and redemption issues from March 2020


Ontario judge orders jail time for Securities Act violations

The three-year term followed a guilty plea

cybersecurity of network of connected devices and personal data security, concept on virtual interface with consultant in background

FINRA, FCA warn firms of cybersecurity threat

Software weakness exposes firms to risk of theft and fraud

Pile of cryptocurrency coins

Crypto crackdown gets bogged down

Hearing set for May 2022 against the OSC's first crypto target

business woman

Liberals extend work-from-home expense deduction for 2021, 2022

Employees using the simplified method can now claim $500, up from $400 last year

Justice scales and gavel by books

Review finds crucial failings in FCA redress efforts

In agreements in 2013, banks were given a "free pass" by the regulator on mis-selling to certain clients

High angle view of mallet eyeglasses legal book in courtroom

FINRA sweep generates six additional settlements

Early rollovers result in higher sales charges, suitability issues

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Man convicted in illegal trading scheme, again

The OSC successfully prosecuted two men for fraud and unregistered trading


U.K. bank hit with huge fine over anti-money laundering lapses

The NatWest sanction follows the regulator's first criminal prosecution for money-laundering violations

panorama with green house and windmill on white background

MFDA, BCSC settle sales practices case with $600K in penalties

Vancouver dealer's differential compensation favoured socially responsible funds and portfolio funds

10084982 - white piggy bank with change canadian scattered around

BoC to maintain inflation mandate, will consider job market in rate decisions

Rate increases could be more gradual as the bank decides if it has properly estimated the labour market's full potential

Vancouver skyline with Stanley Park

BCSC appoints two commissioners

New members bring audit and ESG experience to the commission

  • By: IE Staff
  • December 10, 2021 December 10, 2021
  • 14:35
Red alert

Banks warned to tighten oversight after Archegos debacle

The U.S. Federal Reserve calls for improved margin and risk management efforts

vintage microphones

Federal banking regulator OSFI holds domestic stability buffer at 2.5%

The rate is reviewed twice per year and is tied to the reserves of Canada's largest banks


ASIC wraps industry inquiry with final lawsuit

Case against ANZ marks end of Royal Commission investigations

rules and regulations

The downside of innovation is regulatory gridlock

Amid a flood of various filings, OSC dials back delivery times

advisor client technology

IOSCO offers recommendations for developing innovation units

Sandboxes, hubs and accelerators, oh my!

client meeting

FCA seeks to restore trust in financial industry

The proposed rules are designed to ensure a higher standard of consumer protection

Banks and insurers secure approval for virtual AGMs, raising participation concerns

Firms said they're looking for ways to improve the meetings

  • By: Ian Bickis
  • December 6, 2021 December 6, 2021
  • 15:35