Financial Services Regulatory Financial Services Regulatory

Incoming changes to consumer protection laws: implications for financial service providers

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

OSFI to finalize risk management guidance covering the use of AI and machine learning within models

The OSFI is releasing an updated guidance on model risk management for financial institutions.

Extension and clarifications on the regulation of value-referenced cryptoassets

On April 17, 2024, the Canadian Securities Administrators announced an extension for crypto trading platforms dealing with value-referenced...

Budget 2024 proposes new reforms to combat financial crime in Canada

The federal government’s 2024 budget includes measures to combat financial crimes, with a particular focus on money laundering.

Are you a payment service provider? You may be subject to the new Retail Payment Activities Act

The Retail Payment Activities Act (RPAA) establishes a general supervisory framework for the regulation of payment service providers (PSPs). Under...

CIRO publishes proposals to level the advisor compensation playing field

Earlier this year, the Canadian Investment Regulatory Organization published a consultation paper outlining policy options that would help to level...

Compliance is starting to break the bank — it doesn’t have to

On February 21, 2024, LexisNexis Risk Solutions published its True Cost of Financial Crime Compliance Study, reporting on the results of a global...

Criminal interest rate regulations published for consultation

The federal government published draft regulations proposing important exemptions from the application of the criminal rate of interest cap.

Compliance burdens for payment service providers under final Retail Payment Activities Act regulations

The final regulations to the Retail Payment Activities Act, published on November 22, 2023, ease some compliance burdens for payment service...