Financial Services Regulatory

Close-up the financial figures on newspaper

The financial services industry is a complicated regulatory landscape. Financial services regulatory compliance requirements are continually imposed and rigorously enforced. Public demand for greater transparency and corporate accountability continues. Financial regulatory compliance obligations have never been so great, and the risks of non-compliance have never been so severe.

Consistently ensuring regulatory compliance can be overwhelming, costly and time-consuming for financial institutions. Responding to an inquiry or investigation by regulators is even more daunting. Engaging skilled legal counsel and developing effective compliance programs prevent such things from occurring, enabling you to remain focused on running your business.

McMillan’s Financial Services Group is made up of lawyers who understand the complexity and challenges of navigating the regulatory complexities of the financial services sector. When financial services clients engage us, we work with them to ensure their regular business operations comply with financial services law. First, we help them understand their regulatory obligations. Then, we work with them to strategically develop risk management and compliance systems that minimize the potential for regulatory breaches. If a client faces an investigation by a regulatory body, we prepare a comprehensive response.

McMillan professionals help its financial services clients remain in compliance by:

Advising domestic and foreign financial services businesses in connection with structuring, establishing and managing all types of financial services products
Representing them in connection with regulatory approvals, licences, permits and rulings
Conducting compliance reviews
Developing compliance policies and procedures
Advising boards of directors
Responding to regulator inquiries and, if necessary, representing them before regulatory bodies or the courts

Primary Contacts

View All Contacts

Darcy Ammerman

Partner, Financial Services | Banking & Finance | Insurance

Ottawa

darcy.ammerman@mcmillan.ca Phone

613.691.6131

Pat Forgione

Partner, Financial Services

Toronto

pat.forgione@mcmillan.ca Phone

416.865.7798

Deals and Cases

News

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Details

Thursday, June 2, 2022

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OSFI Releases Revised Guidelines to Reflect IFRS 17

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Apr 6, 2022

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Feb 9, 2022

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The End of LIBOR: January 2022 Update

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Oct 21, 2021

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SOFR Fundamentals: What We Know SO-FAR

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Jul 21, 2021

Canadian Regulatory Direction and Pressure for Cryptocurrency Platforms

Canadian regulators affirm their position on 'crypto trading platforms' through CSA Staff Notice 21-329 and subsequent enforcement action.

Jul 7, 2021

OSFI Issues Final Guideline E-4 Impacting Foreign Entity Branches to be Implemented by January, 2022

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Jul 6, 2021

Greening Canadian Borders – Canada Considers Border Carbon Adjustments for Carbon-Intensive Imports

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Jul 6, 2021

An International Overview of Existing Climate-Related Insurance Initiatives: Finding the Right Path for Canada

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Jun 30, 2021

Who is Caught by Canada’s New Retail Payment Systems Regulation?

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May 31, 2021

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May 12, 2021

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Apr 19, 2021

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Apr 12, 2021

Canada’s Federal Greenhouse Gas Offset Credit System Creates Green Incentives for Regulated Facilities

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Apr 7, 2021

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The authors discuss the Financial Consumer Agency of Canada's submission to the Advisory Committee on Open Banking.

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LIBOR Newsflash: FCA Announces Dates for Official Cessation and Loss of Representativeness of LIBOR

FCA announces dates for the official cessation and loss of representativeness of LIBOR. Implications for Lenders.

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The Canadian government has placed the Proud boys on the list of terrorist entities. This announcement has certain key implications for Canadian companies.

Feb 23, 2021

2020 Fintech Year in Review: Canadian Regulatory Developments

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Feb 2, 2021

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