Ontario Securities Commission Announces Pre-Registration Reviews of Exempt Market Dealer Applicants – It’s Going to Get Tougher to Get Registered!

OSC Pre-Registration Review 3The Ontario Securities Commission (the OSC) recently announced that it has commenced a pre-registration review process for new registrant firms, including exempt market dealers (EMDs), in order to assess compliance with Ontario securities law at the time of registration. Why is the OSC doing this? The OSC wants to ensure firm applicants, such as 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 […]

Part I – Canadian Securities Regulators Propose New ‘Commercial Paper’ Exemption


By: Brian Koscak, Alison Manzer, Jonathan Fleisher and Michael Brown  The Canadian Securities Administrators (the CSA) have published for comment proposed amendments (the 2014 Proposals) to National Instrument 45-106 Prospectus and Registration Exemptions . The 2014 Proposals seek to amend the existing prospectus exemption for short-term debt securities by imposing different credit rating requirements and […]

Is Your Dealer or Advisor Registered with a Canadian Securities Regulator? Better Check!


Many people often ask how they can check whether an individual or firm is  registered as a dealer and/or advisor  in different jurisdictions in Canada.  The simple answer is you can easily do this by checking the website of the Ontario Securities Commission (the OSC) for Ontario registrants and the website of the Canadian Securities […]