Industry News

USL draft set for pre-Christmas release

(December 4, 2003) The final draft of the uniform securities law (USL) project has landed — likely with a thud — on the desks of the country’s most senior regulators. The draft legislation is on target for publication before Christmas, says Paul Moore, vice-chair of the Ontario Securities Commission (OSC). In the works for a […]

By Doug Watt |December 4, 2003

3 min read

Ontario regulator offers outline of new fund governance rules

(December 4, 2003) The mutual fund industry faces a new governance regime that the Ontario Securities Commission (OSC) could unveil as early as this month, but there are still questions as to whether the new system will benefit investors. Susan Silma, director of investment funds at the OSC, presented an outline of the new rules […]

By Steven Lamb |December 4, 2003

4 min read

Regulators patching together some common ground

(December 3, 2003) If you think the fractured regulatory environment makes it hard to follow the patchwork of rules, wait until you see the exemptions. “It is a little bit of a difficult regime right now,” Lynn McGrade, partner at Borden Ladner Gervais, told the Canadian Institute’s 12th annual mutual funds symposium. “It has a […]

By Steven Lamb |December 3, 2003

2 min read

SROs issue warning on privacy legislation

(December 3, 2003) Advisors under the jurisdiction of a self-regulatory organization (SRO) — such as the IDA or the MFDA — could be subject to disciplinary proceedings if they don’t fulfill their obligations under the federal government’s new privacy legislation. The warning came today in a joint regulatory notice on privacy issued by the IDA, […]

By Doug Watt |December 3, 2003

3 min read