Industry News

CSA proposes risk rating rules for mutual funds

The Canadian Securities Administrators (CSA) published today for comment CSA Notice 81-324 and Request for Comments Proposed CSA Mutual Fund Risk Classification Methodology for Use in Fund Facts (CSA Notice 81-324), which sets out a proposed risk classification methodology (the Proposed Methodology) for use by mutual fund managers in the fund facts document (Fund Facts).

By Staff |December 12, 2013

2 min read

IIROC’s CRM II amendments out for comment

The Investment Industry Regulatory Organization of Canada (IIROC) today published for comment proposed IIROC rule amendments to increase the transparency of account performance, and account fees and charges.

By Staff |December 12, 2013

2 min read

Electronic trading regs sufficient: OSC

The Ontario Securities Commission (OSC) has published Staff Notice 23-702, an update on the OSC’s ongoing review of the risks associated with electronic trading, including a review of National Instrument 23-103 Electronic Trading. NI 23-103 came into effect on March 1, 2013, establishing the regulatory framework that oversees and manages risks associated with the use of electronic trading in Canadian marketplaces.

By Staff |December 12, 2013

2 min read

Fund companies could face double jeopardy

The Supreme Court of Canada has dismissed an appeal from fund companies, making them vulnerable to class-action lawsuits even if they settle with a regulator.

By Melissa Shin |December 12, 2013

3 min read