The Canadian Securities Administrators (“CSA”) published a relief order that provides registrants with six additional months to comply with the conflicts of interest provisions in the Client Focused Reforms. The CSA published a second relief order that provides that the relationship disclosure provisions of the Client Focused Reforms will take effect on December 31, 2021.
The CSA will be adjusting the timeline for implementing changes to harmonize the regulation of syndicated mortgages. For this reason, the OSC announced that the transfer of regulatory oversight of certain syndicated mortgage investments to the OSC is now expected to be effective January 1, 2021, subject to requisite approvals. For more information, see here.