Financial Services Regulatory Financial Services Regulatory

Crypto evolving: embracing TradFi compliance amid regulatory uncertainty

Heading into 2025, the regulatory landscape around cryptoassets and other emerging technologies remains in flux.

Department of Finance seeks consultation by December 30 on changes to Canada’s AML regime

The consultation period for the proposed new amendments closes on December 30, 2024.

The Québec AMF’s new information security incident reporting regime: what financial institutions need to know

Québec’s financial regulatory agency published a new information security incident reporting regime, with obligations for certain financial...

Québec seeks to amend Consumer Protection Act and related regulations to increase price and credit transparency

Québec’s Bill 72, if adopted, will contribute to increased price and credit transparency.

Law Commission of Ontario calls for further modernization of province’s Consumer Protection Act

The Law Commission of Ontario has released 32 recommendations for reforms, amendments and regulations aimed at the digital marketplace.

Aggressive enforcement by securities regulators continues

A recent decision of the Supreme Court of British Columbia granted a Mareva injunction, freezing the assets of the defendant. The required...

Department of Finance proposes significant changes to federal financial institutions legislation and Criminal Code

The Department of Finance launched the third phrase of its review of the legislation governing Canada’s financial institutions.

The OSC’s new proposal to distribute funds from disgorgement orders to harmed investors

The Ontario Securities Commission (OSC) has published proposed rules that outline the procedure the OSC and harmed investors must follow for the...

B.C. Securities Commission issues first administrative penalty under new regime

On November 17, 2023, the B.C. Securities Commission (the BCSC) issued a $12,000 administrative penalty to Capstone Asset Management Inc. (Capstone)...

Incoming changes to consumer protection legislation in Ontario, New Brunswick and Newfoundland and Labrador

Ontario, New Brunswick and Newfoundland and Labrador have introduced new legislation to overhaul their respective consumer protection regimes. This...