Regulatory

Proxy voting protocols generate comments for automation

01 Proxy voting commentary Comments were received over the summer on CSA Multilateral Staff Notice 54-304, the final report on the review of proxy voting and request for comments. The notice proposes protocols for counting shareholder proxy votes. Proxy voting is “an important and fundamental right,” says Gordon Raman, a partner at Borden Ladner Gervais […]

October 28, 2016

4 min read

Why regulators should provide cost-benefit analyses–and why they don’t

When regulators propose major industry changes, those can come with high price tags. But often, says the IIAC's Ian Russell, they only provide cursory analysis.

By Staff |October 21, 2016

2 min read

Regulatory comments debate trading rule cap levels

01 No surprises in latest NI 31-103 proposals In July, CSA published for comment proposed amendments to NI 31-103—Registration Requirements, Exemptions and Ongoing Registrant Obligations and its companion policy. These follow 2013’s CRM2 amendments (phased in over the last three years) and the October 2014 amendments (most of which became effective on January 11, 2015). […]

October 21, 2016

4 min read

‘Death by a thousand cuts’ for independent IIROC firms?

The number of firms registered to trade securities has continued to fall, reaching 167 this month. And one industry group predicts an additional decline of 50 more investment houses over the next few years. IIROC, the self-regulatory group that registers securities dealers and dealer firms, tells Advisor.ca the number of regulated firms is down from […]

By Simon Doyle |October 20, 2016

3 min read