The Clock Is Ticking: Canada’s Anti-Spam Law Coming Into Force In Less Than A Month

By Guest Bloggers: Bernice Karn and Imran Ahmad All registered dealers and advisors need to take action now to determine whether they need to change their business practices! The clock is quickly ticking to July 1, 2014, when one of the most stringent anti-spam laws in the world will come into force. To educate businesses about [...]

British Columbia Securities Commission 2014 Annual Compliance Report Card

British Columbia Securities Commission Report

Exempt Market Dealers Beware! Get Ready Before the Regulators Come Knocking! In May 2014, the British Columbia Securities Commission (the BCSC) published its 2014 Annual Compliance Report Card (the Report Card). The Report Card summarized certain compliance deficiencies that were identified by the BCSC at BC-based portfolio managers, investment fund managers and exempt market dealers (EMDs) […]

Securities Dispute Resolution – Sample Client Disclosure Letter for Exempt Market Dealers and Others


Effective May 1, 2014, all new registered dealers and advisors across Canada, except in Quebec, must take reasonable steps to ensure that the Ombudsman for Banking Services and Investments (OBSI) will be the independent dispute resolution or mediation service that is made available to a client that has an eligible complaint.  For more information about OBSI […]

New CSA Guidance for Exempt Market Dealers on Updating ‘Know-Your-Client’ Information

On January 9, 2014, the Canadian Securities Administrators (CSA) published CSA Staff Notice 31-336 that provides industry guidance on, among other things, when exempt market dealers (EMDs) need to update their ‘know-your-client’ (KYC) information. The CSA states that an EMD should update KYC information at least annually or more frequently if there is a material […]

OSC Announces 2014 Outreach Programs


The Ontario Securities Commission (the OSC) announced today its series of Registrant Outreach Programs for 2014. These Programs are a series of free educational seminars to registrants and other industry participants to help them understand their regulatory requirements. Participants can attend in person or access the programs via webinar. Below are the scheduled program topics […]