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Legal services for registrants Through the Client Focused Reforms, the Canadian Securities Administrators (CSA) expect registrants to better align their interests with the interests of their clients. The new rules and CSA expectations regarding conflicts of interest and related enhanced conflicts client disclosures will become effective on June 30, 2021, with the balance of the rule and policy changes becoming effective on December 31, 2021. With BLG's Vision of the Client Focused Reforms, we can provide you with the full range of legal and advisory services that you may need as you implemen...

Frictionless, relevant disclosure is critical to building trust with clients

The Investment Industry Regulatory Organization of Canada ( IIROC) has published for comment proposed amendments 1 to its rules in order to make IIROC requirements consistent with the Client Focused Reforms ( CFRs) adopted by the Canadian Securities Administrators ( CSA) by way of amendment to NI 31-103. The CSA CFRs focus on addressing material conflicts of interest in the best interest of the client, putting the client's interests first when making a suitability determination, and providing clarity for clients about what they should expect from their investment advisors. Our previous blog p...

To print this article, all you need is to be registered or login on Mondaq.com. The Ontario Securities Commission (“OSC”) recently issued its 2021-2022 Draft Statement of Priorities for comment (the “Draft Statement”). The document sets out the priority initiatives that the OSC will pursue for the period from April 1, 2021 through March 31, 2022 in support of its four strategic goals, which are to: promote confidence in Ontario's capital markets; reduce regulatory burden; facilitate financial innovation; and strengthen the OSC's organizational foundation. Over...