Consumer-Driven Banking is (almost) Here! Highlights from Budget 2024
Apr 17, 2024On April 16, the Government of Canada released its 2024 budget which includes the promise of new legislation this spring to implement open banking in Canada.
Warning For Businesses: Companies Can be Liable for Tort of Bribery Even if They Did Not Intend to Pay or Receive a Bribe
Apr 12, 2024Businesses with a duty to provide impartial advice must take steps to ensure the payments they make or receive are not later interpreted as bribes.
Administrative Monetary Penalties: Regulators “AMP-ing” up the Pressure on Businesses
Mar 19, 2024Administrative Monetary Penalties are increasingly used to sanction regulatory non-compliance in Canada. What are they and what should you do if faced with one?
Two-Year Anniversary of Russia’s Illegal Invasion of Ukraine: New Sanctions Designations and Expansion of Export Prohibitions
Feb 28, 2024To coincide with the two-year anniversary of Russia's invasion of Ukraine, Canada announced new sanctions and financial reporting obligations.
OSFI Unveils New Supervisory Framework (Effective April 2024)
Feb 14, 2024OSFI announced the release of its new Supervisory Framework for FRFIs and private pension plans, touted to be the most significant change in 25 years.
FinTech: 2023 Legal Year in Review
Feb 7, 2024The FinTech industry in Canada was impacted by significant regulatory developments in 2023. Explore the key updates in our year-in-review summary.
OSFI releases final Guideline on Integrity and Security
Feb 6, 2024OSFI released the final Integrity and Security Guideline, setting out expectations for FRFIs for policies and procedures to protect against related threats.
A Focus on Alternative Investments in the Private Credit Market
McMillan and Bloomberg invite you to join us on Thursday, February 15th for a lunch seminar on the Canadian private credit market.
The Great Rate Escape: Commercial Loans No Longer Criminal
Jan 8, 2024The government of Canada has proposed changes to the criminal code which would exclude commercial and pawn loans from the criminal rate of interest.
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