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Judge looks at papers

Court poised to certify BMO holiday pay class action

B.C. court says case meets criteria and allows plaintiff to revise claim

  • August 1, 2023 August 1, 2023
  • 16:32
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FSRA consults on consumer warnings

Regulator issues proposed guidance for public comment until Aug. 25

SEC flags brokers’ failures on money laundering

Compliance reviews exposed gaps in firms' anti-money laundering controls

Advisors should help business owners prepare for new corporate ownership registry

Bill C-42 would bring public access to private corporations’ beneficial ownership info

Crypto coins

SEC alleges US$1 billion crypto offerings were offside

Regulator insists cryptoassets were securities, despite efforts to skirt that designation

CRA releases revised form for mandatory tax disclosures

Expanded reporting regime is intended to help the CRA fight aggressive tax planning

U.S. regulators unveil bank capital reform proposal

Securities industry association expresses concerns with planned changes

CFRs, crypto firms top OSC compliance reviews

Report on industry conflicts to be published soon with CSA, CIRO

Judge looks at papers

Portfolio manager settles KYC, suitability issues

BCSC orders eight-year ban, alongside $60,000 penalty

BCSC sanctions offside online influencing

Marketing company gets first-ever penalty for deficient advertorial disclosure

New SEC rule requires public companies to disclose cybersecurity breaches in 4 days

The rule encompasses third-party apps

AI technology

SEC targets conflicts in AI

Proposed rules would require firms to identify and combat conflicts built into technologies

piggy bank with flag of Canada

BoC mindful of not overdoing rate hikes, summary of deliberations reveals

The bank decided that the cost of waiting too long to raise rates outweighed the benefits

stack of files

Advisor fined $70K for thousands of pre-signed forms

Former Scotia Capital rep sanctioned in settlement with CIRO

Federal Reserve raises key rate for 11th time in drive to slow inflation

A key question is whether Wednesday's increase will be the Fed's last

cryptocurrencies

OSFI consults on crypto rules for banks, insurers

New guidelines adopt global banking regulators' standards

Laundering money

Pandemic forced money launderers to diversify

Illicit activity moved out of casinos to securities firms and real estate, according to FINTRAC

Close up of businesswoman using calculator while going through financial bills.

Prescribed rate to stay at 5% in Q4

The CRA's interest rate on overdue tax will remain the same for a third consecutive quarter

climate change

IOSCO endorses ISSB standards, setting stage for consistent global climate reporting

The organization is calling on regulators around the world to consider adopting the standards

Judge's gavel with magnifying glass on black.

CIRO fines firm for retail compliance violations

Firm admitted to serving retail investors before SRO approvals, systems in place

UBS sanctioned for Credit Suisse’s Archegos failures

U.S., U.K., Swiss regulators take action over risk management, governance weaknesses

AI button

Amazon, Google, Meta, Microsoft agree to White House AI safeguards

Some of the commitments call for third-party oversight of commercial AI systems

Tribunal allows Gong to seek stay of OSC case

Former Toronto mayoral candidate may have a case for breach of privilege by OSC staff

CRA releases forms to allow for transfers out of FHSAs

The industry is still waiting for certain forms needed to administer the new plans

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CIRO seeks margin rules for PPNs

Proposal revises conservative approach initially sought by IIROC