The rules will be phased in as follows:
(1) Conflicts of Interest changes took effect on June 30, 2021; and
(2) Remaining amendments will take effect on December 31, 2021.
Generally, the CSA removed many of the issues raised by commenters on the previous proposal and the final rules are less onerous than the previous draft.
Summary of the changes
Conflicts of Interest (COIs):
Registrant Law can help update your:
- policies & procedures manual
- client disclosures
- account opening documents
Contact Nancy Mehrad at email@example.com to discuss.
Registrant Law is a boutique law firm in the Greater Toronto Area offering quality, practical and affordable securities law advice to portfolio managers, investment fund managers, exempt market dealers and other dealers. This article is an overview only and does not constitute legal advice. It is not intended to be a complete statement of the law or the proposed regulations. You should not act upon the information in this article without a thorough examination of the law or proposed regulations as applied to the facts of your situation. No part of this publication may be reproduced without the prior written permission of Registrant Law.