An extended comment period of 150 days is in effect.
The OSC has published for comment its 2017-2018 Draft Statement of Priorities.
01 CSA staff notice 51-347: Disclosure of cybersecurity risks and incidents As business dependence on technology rises, so does business risk. A 2016 Ponemon Institute study found the average cost of a data breach is US$4 million. Businesses “are being encouraged, guided and compelled, in some instances, to try to manage those risks in meaningful […]
Aequitas NEO Exchange has formally requested that the CSA address Canada’s market data issues.
CSA’s enforcement report reveals greater jail time for offenders — but fewer overall proceedings and less in fines and penalties. In 2016, more than 23 years of jail time were handed down to 15 offenders for Securities Act violations. That compares to about 10 years of jail time handed down last year. Further, 13 people […]
A former mutual fund rep from Calgary has been charged with alleged breaches of the Criminal Code.
Reading this in your pyjamas? Your home might be considered a business location.
Cybersecurity is increasingly on the radar of regulators worldwide. CSA’s recent staff notice on cybersecurity identifies potential common impacts of a cybersecurity incident to a variety of issuers on the S&P/TSX Composite Index, including compromised confidential customer information and reputational harm affecting investor confidence. Read: 61% of S&P/TSX firms call cybersecurity a material risk In […]
Failing to adequately supervise two approved persons has resulted in sanctions for IPC Investment Corporation. A hearing panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada has issued its Reasons for Decision in connection with the firm’s settlement hearing held in Toronto on December 13, 2016. According to the hearing […]
A status update on U.S. financial regulation