CSA

StatsCan confirms client income cited in embedded fee paper Fallback Image Decorative pattern

Industry

StatsCan confirms client income cited in embedded fee paper

As the conversation on embedded commissions continues, new data from StatsCan shed light on Canadian incomes — data that concurs with the description of mass-market households as described in CSA’s proposal. Read: OSC’s embedded commissions roundtable agenda The median total income of Canadian households was $70,336 in 2015, reveals StatsCan census data released today. Though […]

By Staff |September 13, 2017

2 min read

CSA finalizes amendments for firms’ registrations Fallback Image Decorative pattern

Industry

CSA finalizes amendments for firms’ registrations

The Canadian Securities Administrators has issued final amendments to the registration rules for firms. The amendments are to National Instrument 31-103: Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103), and National Instrument 33-109: Registration Information. The changes enhance custody requirements for some registered firms, clarify activities that may be conducted by exempt market dealers, […]

By Staff |July 27, 2017

2 min read

How to approach conflict of interest transactions: CSA notice Fallback Image Decorative pattern

Industry

How to approach conflict of interest transactions: CSA notice

The securities regulators of Ontario, Québec, Alberta, Manitoba and New Brunswick have published CSA Multilateral Staff Notice 61-302: Staff Review and Commentary on Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The notice deals with how to approach conflict of interest transactions, including insider bids, issuer bids, business combinations and related party […]

By Staff |July 27, 2017

1 min read

More provinces move on rules for insider conflicts Fallback Image Decorative pattern

Industry

More provinces move on rules for insider conflicts

Provincial securities regulators in Alberta, Manitoba and New Brunswick have given notice to move ahead with regulations to address conflicts of interest for insiders and related parties. On Thursday the provinces’ securities regulators issued a notice of adoption of Multilateral Instrument 61-101: Protection of Minority Security Holders in Special Transactions (MI 61-101)—which is already in […]

By Staff |July 20, 2017

1 min read