Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations are being amended to introduce anti-money laundering and anti-terrorist financing obligations for factoring, financing and leasing, and cheque...more
Canada’s new Retail Payment Activities Act (the “RPAA”), which governs Payment Service Providers (“PSPs”), requires registration with the Bank of Canada (the “BoC”) within a registration window that runs from November 1, 2024...more
On November 30, 2023, the Autorité des marchés financiers (AMF), the organization that oversees Québec’s financial industry, published a draft Climate Risk Management Guideline (the Guideline) which will apply to licensed...more
The securities regulatory authorities in all Canadian jurisdictions other than British Columbia recently published in final form Multilateral Instrument 93-101 Derivatives: Business Conduct (“MI 93-101”) and its companion...more
I INTRODUCTION TO THE LEGAL AND REGULATORY FRAMEWORK -
Canada currently has no comprehensive framework governing the regulation of digital assets. Securities and derivatives regulation has emerged as the main regulatory...more
This summer, the Canadian Securities Administrators (“CSA”) published CSA Staff Notice 81-336 Guidance on Crypto Asset Investment Funds that are Reporting Issuers (the “Notice”) concerning funds that seek to invest in crypto...more
9/25/2023
/ Canada ,
Canadian Securities Administration ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Financial Services Industry ,
Investment Funds ,
Investment Opportunities ,
New Guidance ,
OSFI ,
Securities Regulation
Canadian fintech industries, particularly digital payments, digital trading, robo-advising and open banking, continued to experience significant growth until 2022. The pace of innovation had been accelerated by expansive...more
1/27/2023
/ Canada ,
Collective Investment Schemes ,
Consumer Financial Products ,
Crowdfunding ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Investment Management ,
Peer-to-Peer ,
Robo-Advisors
Executive Summary -
The steps that the Canadian government has recently taken under the Emergencies Act in relation to blockades that are stated to be occurring in places throughout Canada pose significant compliance...more