The OSC is seeking comments on proposed new rules for issuers looking to raise capital outside of Ontario. On Thursday the Ontario securities regulator published revised OSC Rule 72-503 Distributions Outside Canada, and proposed Companion Policy 72-503 Distributions Outside Canada. “We have made certain revisions to the rule since its initial publication, including removing resale […]
Comments on embedded commissions reveal advisor experience in the trenches
Lobbying on the Ontario government’s pledge to reform financial planning titles is expected to continue through the fall as a government working group reviews the options. The Finance Department says it is working closely with the OSC, the Financial Services Commission of Ontario, MFDA, IIROC and the Registered Insurance Brokers of Ontario to review a […]
Commenter highlights what he says regulators ignore
The Ontario Securities Commission has named seven new members of its independent Investor Advisory Panel, as well as the appointment of a new chair of that panel
An Alberta Securities Commission (ASC) panel has sanctioned five respondents: Ferlyn Robert John Chmelyk, Blackbridge Financial Inc., 1735560 Alberta Ltd. (560), 1735563 Alberta Ltd. (563) and 1751886 Alberta Ltd. (886). As outlined in the merits decision from February 2017: Chmelyk and Blackbridge Financial illegally traded and distributed securities and made materially untrue statements to investors; […]
The Ontario Securities Commission (OSC) seeks members for its small and medium enterprises (SMEs) committee. Interested parties should submit their application, indicating their relevant experience, by June 30, 2017. Committee members discuss the development, implementation and communication of policies and practices to address issues affecting SMEs. Read: Small business accounts for 42% of new jobs […]
*This post has been updated to include new location details for the event. The Ontario Securities Commission (OSC) has released a full agenda for its roundtable to facilitate further stakeholder input on Canadian Securities Administrators (CSA) Consultation Paper 81-408 — a ban on embedded commissions. Read: CSA’s embedded commissions ban falls short for clients, say […]
They also call for a ban on other compensation incentives
Industry offers lots for regulators to chew on