News & Analysis as of

Canada Financial Services Industry

Stikeman Elliott LLP

AI Use by Financial Institutions: Québec’s AMF Publishes Draft Guidelines

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On July 3, 2025, Québec’s financial institutions regulator – the Autorité des marchés financiers (“AMF”) – published draft guidelines (“Draft Guidelines”) on the use of artificial intelligence systems (“AI Systems”) by...more

Stikeman Elliott LLP

AMF Proposes Amendments to Fee Structure for Market Participants in Québec

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The Autorité des marchés financiers (“AMF”) has published for comment proposed amendments (the “Proposed Amendments”) that are intended to recalibrate and update certain fees, costs and penalties prescribed under the...more

Blake, Cassels & Graydon LLP

Bill 92: Quebec Takes Another Step in Modernizing its Financial Sector Framework

With Bill 92 now adopted and enacted, this bulletin is updated to reflect the actual provisions of the Act. Bill 92, An Act to amend various provisions mainly with respect to the financial sector (2025, chapter 16)...more

American Conference Institute (ACI)

[Webinar] Top 5 Game-Changing Regulatory Shifts Impacting Financial Compliance and Board Accountability - September 24th, 1:00 pm...

Don’t miss this complimentary webinar spotlighting the five most pressing regulatory developments reshaping compliance in Canada’s financial sector. From board-level liability, to shifting enforcement priorities, get up to...more

Blake, Cassels & Graydon LLP

L’avenir de la gouvernance des régimes de retraite canadiens : nouvelles perspectives juridiques

Le paysage de la réglementation au Canada évolue de façon dynamique comme en témoignent certaines mises à jour relatives à la réglementation, aux politiques et à la gouvernance. Celles-ci d’ailleurs exigent une attention...more

Blake, Cassels & Graydon LLP

House of Commons Re-Introduces Federal Cybersecurity Legislation

On June 18, 2025, the Minister of Public Safety introduced Bill C-8, An Act respecting cyber security, amending the Telecommunications Act and making consequential amendments to other Acts (Bill C-8). If passed, Bill C-8...more

Blake, Cassels & Graydon LLP

Incidence de l’IA sur le droit canadien

L’évolution de la technologie de l’intelligence artificielle (« IA ») entraîne des changements considérables dans bien des secteurs au Canada, au point de nécessiter une évaluation des cadres juridiques en place. Que ce soit...more

Davies Ward Phillips & Vineberg LLP

A Strong Signal: AMF Adopts a Policy Supporting Self-Reporting and Cooperation

The Autorité des marchés financiers (AMF), the body responsible for enforcing Québec’s legislation concerning the financial sector, recently adopted a Self-Reporting and Cooperation Policy. The policy, adopted on May 20,...more

Blake, Cassels & Graydon LLP

Mapping the Intersection of AI and Canadian Law

The evolving field of artificial intelligence (AI) is significantly reshaping various sectors across Canada, prompting a critical evaluation of our legal frameworks. From intellectual property to financial markets, AI...more

American Conference Institute (ACI)

[Event] 24th Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 25th - 26th, Toronto, ON, Canada

Canada’s financial sector is facing unprecedented scrutiny, rising enforcement, and evolving compliance risks – are you ready? Join top regulators and industry leaders at CI's 24th Annual Canadian Forum on Anti-Money...more

Blake, Cassels & Graydon LLP

Nouveau cadre relatif aux incidents de sécurité de l’information à l’intention des institutions financières québécoises

Le 23 avril 2025, le Règlement sur la gestion et le signalement des incidents de sécurité de l’information de certaines institutions financières et des agents d’évaluation du crédit (le « Règlement ») est entré en vigueur au...more

Bennett Jones LLP

Government of Canada Doubles Funding for Federal Indigenous Loan Guarantee Program

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On March 21, 2025, Prime Minister Carney announced important changes to the federal Indigenous Loan Guarantee Program (Program). The Government of Canada doubled funding for the Program from C$5billion to C$10 billion and...more

Blake, Cassels & Graydon LLP

Gouvernail des données de Blakes : mai 2025

Bienvenue à la toute première édition de l’infolettre Gouvernail des données de Blakes, une publication du groupe Protection de la vie privée et des données de Blakes. Cette infolettre a pour but d’effectuer un survol des...more

Blake, Cassels & Graydon LLP

Blakes Data Governor: May 2025

Welcome to Blakes Data Governor, a new publication of the Blakes Privacy & Data Protection group. Blakes Data Governor provides actionable insights and practical overviews of recent developments impacting privacy,...more

Blake, Cassels & Graydon LLP

Bill 92: Quebec Takes Another Step Towards Modernizing Its Financial Sector Framework

On April 8, 2025, Quebec’s Minister of Finance, Eric Girard (Minister), tabled Bill 92, An Act to amend various provisions mainly with respect to the financial sector (Bill 92), before the province’s National Assembly....more

Blake, Cassels & Graydon LLP

Pratiques exemplaires liées à la vérification numérique de l’identité dans le secteur canadien des services financiers

De nombreuses entreprises de services financiers sont tenues en vertu de lois et de règlements de vérifier l’identité de leurs clients. Il existe des outils technologiques novateurs qui simplifient le processus de...more

Blake, Cassels & Graydon LLP

Digital Identity Verification Best Practices for Canadian Financial Services

Many financial services businesses are subject to legal or regulatory obligations that require them to verify the identity of their customers. Although innovative technological tools, including those using artificial...more

Bennett Jones LLP

Canadian Government Financing for Large Enterprises Impacted by US Tariffs and Canadian Countermeasures

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Canada Development Investment Corp. (CDEV) has announced the launch of the Large Enterprise Tariff Loan (LETL) facility, a new government-backed loan facility to support large Canadian enterprises affected by actual and...more

Blake, Cassels & Graydon LLP

Projet de loi n° 92 : Le Québec franchit une étape de plus dans la modernisation de l’encadrement de son secteur financier

Le 8 avril 2025, le ministre des Finances du Québec, Eric Girard, a déposé à l’Assemblée nationale le projet de loi n° 92, Loi modifiant diverses dispositions principalement dans le secteur financier (le « projet de loi »). ...more

Stikeman Elliott LLP

CIRO Publishes Phase 5 of its Rule Consolidation Project

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The Canadian Investment Regulatory Organization (“CIRO”) has published for comment Phase 5 of its rule consolidation project (the “Rule Consolidation Project”). Phase 5 involves rules relating to outsourcing and service...more

Katten Muchin Rosenman LLP

Privacy, Data and Cybersecurity Quick Clicks | Issue 27

Katten's Privacy, Data and Cybersecurity Quick Clicks is a monthly newsletter highlighting the latest news and legal developments involving privacy, data and cybersecurity issues across the globe....more

Stikeman Elliott LLP

Alert: Changes to Canadian AML Regime Affecting Cheque Cashing, Factoring and Financing and Leasing Businesses in Effect April 1,...

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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

Blake, Cassels & Graydon LLP

Secteur des paiements au Canada : Principaux développements attendus en 2025

L’année 2025 pourrait se révéler porteuse d’importants changements dans le secteur des paiements au Canada en raison de l’élargissement de l’admissibilité à participer aux systèmes de Paiements Canada, ainsi que du...more

Blake, Cassels & Graydon LLP

Canadian Payments Update: Significant Developments Anticipated in 2025

2025 may prove to be a year of significant change to the Canadian payments landscape due to the expansion of Payments Canada membership and further development of the Real-Time Rail (RTR) payment system....more

Stikeman Elliott LLP

FSRA Proposes New Regulatory Framework for Life and Health Managing General Agents in Ontario

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On January 28, 2025, the Financial Services Regulatory Authority of Ontario (“FSRA”) published Proposed Rule 2025-001 (the “Proposed Rule”), which builds on recent amendments to the Insurance Act (the “Act”). Those amendments...more

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