Canadian regulators have followed in the SEC’s footsteps, as the U.S. regulator took a similar approach in July
The CSA says most current trade processing practices will be adequate
The provincial regulators placed significant efforts through video and other campaigns to make investors aware of these growing issues
The rule amendments address risks that may arise when firms not regulated by IIROC or the MFDA are involved in the custody of client assets
Regulars say false and misleading applications pose a serious problem
Comments on CSA proposals are due by Oct. 4
Rule changes by IIROC would make the CSA requirements redundant
The temporary exemption does not affect firms that are already subject to the mandatory clearing requirements
CSA oversight review says SRO failed to adequately resolve issues raised in 2015
Resale of foreign securities would be simplified under CSA and OSC amendments