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Meeting FSRA’s Ongoing Licensing Suitability Requirements: What Life Insurance Agents, MGAs and Insurers Need to Know

Jan 31, 2024

FSRA published proposed guidance outlining how it interprets licensing suitability requirements under the Ontario Insurance Act and its regulations.

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Department of Finance Launches Consultation on Security and Integrity, Access to Banking, and Protections for Digital Financial Products

Oct 16, 2023

On October 5, 2023, the Department of Finance launched a public consultation on the statutes governing federally regulated financial institutions.

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OSFI Provides Additional Details about its New Supervisory Framework Effective April 2024

Oct 10, 2023

This bulletin summarizes the new details announced by OSFI on October 4, 2023, regarding its new supervisory framework for FRFIs and pension plans.

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Expansion of OSFI’s Powers to Supervise Non-Financial Risks: Compliance Challenges for FRFIs

Sep 12, 2023

On September 6, 2023, OSFI issued a letter to industry outlining its steps to supervise emerging non-financial risks.

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OSFI Calls for Stakeholder Feedback on Regulatory Capital and Liquidity Treatment of Crypto-asset Exposures

Aug 1, 2023

OSFI receiving feedback from banks and insurers about the Guidelines on Regulatory Capital and Liquidity Treatment of Crypto-asset Exposures.

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Government of Canada Seeks Input on Updating Canada’s Anti-Money Laundering and Terrorist Financing Regime

Jun 21, 2023

The Government of Canada has launched public consultations on updating Canada's anti-money laundering and terrorist financing regime.

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Proposed Updates to Canada’s Anti-Money Laundering and Terrorist Financing Regime

Jun 7, 2023

Finance Canada's proposed changes relating to anti-money laundering and armoured car companies, mortgage lenders, and money service businesses.

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Is Your Arbitration Clause Appealing? No Appeal Available where Clause Says Dispute is “Finally Settled” by Arbitration

May 25, 2023

The Ontario Court of Appeal considers the type of language in a dispute resolution clause which precludes the right to appeal an arbitration award.

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AI in Financial Services: Joint OSFI and GRI Report Highlights Need for Safeguards and Risk Management as a Prelude to Enhanced OSFI Guidance

Apr 19, 2023

This bulletin discusses the joint report released by OSFI and GRI on the ethical, legal, and financial implications of AI on financial services institutions.