The audit process must change, says report.
When regulators charge small firms with violations, those firms often don’t have the time or money to launch legal battles. Instead, they often have to admit guilt.
The Canadian Securities Administrators has published for comment a new rule that aims to clarify the responsibilities of third-party OTC derivatives clearing agencies.
Apple and the U.S. Federal Trade Commission have reached a deal to issue $32.5 million in refunds to customers whose children made purchases inside apps without their knowledge.
The Canadian Securities Administrators (CSA) previously announced the transition of the hosting, operation and maintenance of the existing CSA National Systems, the System for Electronic Documents Analysis and Retrieval (SEDAR), the System for Electronic Disclosure by Insiders (SEDI) and the National Registration Database (NRD) to CGI Information Systems and Management Consultants Inc. The transition was completed successfully on January 13, 2014.
IIROC updates priorities report.
The Financial Services Commission of Ontario’s work resulted in zero prosecutions, charges or court-imposed fines in 2013, the commission’s statistics show.
This coming year will test firms and advisors.
IIROC has reissued for comment its revised Debt Transaction Reporting rule proposal for more timely surveillance and enhanced oversight of Canadian debt market activity.
The Canadian Securities Administrators (CSA) today published CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your-Client, Know-Your-Product and Suitability Obligations (Notice).