When regulators propose major industry changes, those can come with high price tags. But often, says the IIAC's Ian Russell, they only provide cursory analysis.
01 No surprises in latest NI 31-103 proposals In July, CSA published for comment proposed amendments to NI 31-103—Registration Requirements, Exemptions and Ongoing Registrant Obligations and its companion policy. These follow 2013’s CRM2 amendments (phased in over the last three years) and the October 2014 amendments (most of which became effective on January 11, 2015). […]
The number of firms registered to trade securities has continued to fall, reaching 167 this month. And one industry group predicts an additional decline of 50 more investment houses over the next few years. IIROC, the self-regulatory group that registers securities dealers and dealer firms, tells Advisor.ca the number of regulated firms is down from […]
The Ontario Securities Commission is seeking applications for membership on its Securities Proceedings Advisory Committee (SPAC).
In the wake of CRM2, clients are paying more attention to the fees they pay. And regulators are stepping in to help.
Today, IIROC re-published for comment proposed amendments to the universal market integrity rules (UMIR) and the dealer member rules (DMR) that would consolidate existing UMIR best execution requirements and DMR requirements for fair pricing of over-the-counter (OTC) securities into a single rule on best execution. IIROC originally published amendments relating to best execution on December […]
CSA isn’t the only regulatory body looking to transform the industry. But its proposed targeted reforms are getting the most attention.
The SEC investigated a record-breaking 160 cases against advisors in the past year.
The OSC found that in 2006 and 2007, she recommend and facilitated off-book investments for her clients without her employer's knowledge or approval.
FCAC regulates 367 financial entities, including banks, insurers and credit card companies.