Risk Management and Crisis Response Blog Risk Management and Crisis Response Blog

New compensation rules will affect all Ontario employers

Shortly before the Ontario legislature closed for business pending the outcome of the June 7 election, Ontario enacted Bill 3, which imposes new...

Conference update: Virtual currency exchanges, beneficial ownership and other developments in Canadian anti-money laundering regulations

On February 7, 2018, the Canadian federal government had released a consultation paper for comments that has potentially far-reaching implications...

Alberta Securities Commission to allow no-contest settlements in some cases

On Friday, May 4, 2018, the Alberta Securities Commission (“ASC”) announced an addition to the Credit for Exemplary Cooperation in...

Ontario Securities Commission places mutual fund sales practices under scrutiny again

As part of a recent Settlement Agreement, the Ontario Securities Commission has ordered 1832 Asset Management LP (“1832”), a...

European Union proposes whistleblower protections

In a significant development for businesses with a presence in the European Union, the EU issued a proposal on April 23, 2018 for new legislation...

Ontario’s 2018 budget emphasizes expanded consumer and investor protection tools

On March 28, 2018, the Ontario Liberal government released its 2018 budget (the 2018 Budget). As part of a broader emphasis on consumer and investor...

Canada publishes final bail-in regulations

On March 27, 2018, the Government of Canada released the final version of the bail-in regulations under the Bank Act and the CDIC Act (Bail-in...

U.S. financial industry “eagerly” awaits SEC’s best interest standard

While in Canada division continues over the issue of “best interest” in the financial advisory industry the U.S. national securities...

Canadian financial sector legislation renewal – Amendments to Bank Act, Insurance Companies Act and Trust and Loan Companies Act

In February 2018, the Canadian federal government had indicated, as part of its budget plan, that it intends to modernize the financial sector...

Compliance update – deferred prosecution agreements finally come to Canada

The Canadian federal government released Bill C-74 on March 27, 2018. Bill C-74 (a 500-page plus document) proposes amendments to several statutes to...