Tag: Regulatory

Solutions for Client-Focused Reforms

With the recent publishing of new Client-Focused Reform regulation, advisors and dealers are challenged with a new compliance obligation.  Our IE article this month provides some background on the reg and strategies to remain compliant. With the recent publication of new client-focused reforms (CFRs) on Oct. 3, advisors may be considering how they will meet yet another […]

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Reducing Regulatory Burden

This recent G+M article provides a good summary of the Regulatory Burden Reduction initiative that the OSC and other CSA partners have initiated. As the article states “burden reduction and investor protection can be mutually compatible”; however, careful consideration is required to ensure that investor protection is maintained while removing compliance friction from the investment […]

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ETF Facts to be delivered December 10th

‘If you invest in an exchange-traded fund, you should have a better idea of exactly what it is by early December. The Canadian Securities Administrators has set December 10th as the deadline for ETF dealers to deliver a disclosure document called “ETF Facts”.’ Check out Dale Jackson’s recent post on BNNBloomberg.

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RegTech is the new Fintech!

While the name is new, the marriage of technology and regulation to address regulatory challenges has existed for some time. Increasing levels of regulation and a greater focus on data and reporting has brought the RegTech offering to the forefront. Firms that invest in these solutions (and the underlying technology solutions) will see significant positive […]

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FinTech as a Disruptor or an Enabler?

The emergence of FinTech as a disruptor to traditional financial services models dominates the conversation and yet a recent McKinsey report provides a different spin on this trend.  As stated in the McKinsey report, the role of FinTech in retail banking and wealth management appears to be introducing alternative business models that are definitely disrupting […]

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Point of Sale Disclosure is Coming to Segregated Funds….

We are less than 3 weeks away from the May 30th deadline, where dealers must have a process to deliver Fund Facts prior to accepting trade instructions from investors and the MFDA has indicated that extension of mutual fund regulation principles to insurance (Segregated funds) is in its preliminary stage. This article should definitely have the […]

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New Record-Keeping Requirements Raise Compliance Concerns

The Ontario government quietly amended the Ontario Securities Act a few weeks ago, paving the way for even greater disclosure and compliance measures by dealers and their advisors. In fact, as Blakes highlights in their June 29, 2015 bulletin the new record-keeping obligation will place even more onus on all dealers, advisors and other market […]

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POS Stage 3 Pre-trade Delivery Coming Soon….

The Canadian investment community awaits the CSA’s final Stage 3 rules for National Instrument 81-101 which are due to be published in the next 4 weeks.  This will establish the specific guidelines with respect to pre-trade delivery of the Fund Facts document and with that, the CSA has recently launched an interactive sample of a […]

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Marketing vs. Regulatory Disclosure

I recently attended a conference entitled “Does Disclosure Work?” hosted by the Capital Markets Institute and the Canadian Foundation for Advancement of Investor Rights (a.k.a. FAIR Canada) at the University of Toronto’s Rotman School of Management. The first question and answer between the moderator and panelists was: “What single thing would help improve disclosure to […]

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National Regulator….take two (or is it, take fourteen or fifteen?)

After nearly fifty years of discussion and a two year lull in the conversation, the federal government along with British Columbia, Ontario, Saskatchewan and New Brunswick announced their agreement to launch a national regulator by the fall of 2015. Investment Executive covered the story in their October edition and Finance Minister Joe Oliver first announced […]

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