2019 Agenda

Senior and experienced representatives from Canada’s regulators discuss their policy objectives and regulatory expectations in depth. Post your questions in advance to clarify staff notices, ask what will be coming in the near future and enhance your compliance strategies. Source exclusive insights to:

• Comply with new regulations and meet expectations
• Determine what will be new for 2019, and the timeline for new requirements
• Align your compliance strategy to meet regulators’ objectives

Clarify the expectations of provincial regulators to improve your compliance.

The Canadian Securities Administrators (CSA) proposed amendments to address key investor protection concerns with respect to the relationship between clients and securities advisers, dealers and representatives with a focus on clients' best interests. The Proposed Amendments are expected to impose additional compliance obligations. This session will explore these amendments and their impact on you.

• Suitability, know your client ("KYC") and know your product (“KYP")
• Conflicts of interest (including referral arrangements); and disclosure to clients
• New training obligation for registrant firms
• New books and records and policies and procedures requirements
• New restrictions on referral arrangements

Source expert insights on the impact of client-focused reforms to your firm.

The CSA have proposed two new instruments: NI 93-101 Derivatives: Business Conduct and NI 93-102 Derivatives: Registration. These instruments are designed to implement a comprehensive regime for the regulation of dealers and advisors in over-the-counter derivatives. Explore the changes that these rules entail and the expected impact to industry participants and the OTC derivatives market, including:

• Which products and market participants do the rules apply to?
• What obligations are required under the rules?
• What exemptions are available?
• What is the anticipated business and market liquidity impact?

Understand new rules for the OTC Derivatives marketplace.

The Canadian Securities Administrators has proposed changes that would prohibit certain embedded commissions paid to dealers in a bid to address investor protection concerns. This includes banning investment fund managers from paying up-front sales commissions to dealers. This session will examine the impact of the implementation of the CSA's policy response to the investor protection and market efficiency issues arising from the prevailing practice of investment fund managers remunerating dealers and their representatives for mutual fund sales through commissions, including sales and trailing commissions.

• Ban on trailing commissions to certain dealers who do not make a suitability determination: such as those that only offer trade
  execution
• Eliminating a compensation conflict inherent in the deferred sales charge option (fee to be paid by the investor if the
  investment is redeemed prior to a set amount of time)
• Conflict of interest issues

Stay on top of the latest proposals and impact on industry.

The OSC’s Whistleblower Program, the first paid program of its kind for a Canadian securities regulator, provides whistleblowers an outlet to report securities misconduct and offers a financial award of up to $5 million. The program is an opportunity for registrants to review and enhance their internal compliance and reporting mechanisms and to foster a culture that encourages the internal reporting of misconduct. The session will cover:

• An overview of the OSC’s Whistleblower Program and recent developments
• Legislative amendments which bolster anti-reprisal protections, and their implications for registrants
• Results of OSC’s 2018 review of registered firms for compliance with the anti-reprisal provisions in the Securities Act (Ontario)
• Key whistleblowing considerations for registrants

Don’t miss key insights and the chance for Q&A with OSC.

The financial services sector has increasingly witnessed the introduction of innovative technologies to increase choice, improve convenience and lower prices for consumers and businesses. However, there is a fragmented regulatory structure around digital advice. Strengthen your ability to offer advice while navigating the stringent compliance minefield. Develop clarity on the role of automation and more:

• Calls for stricter regulations for financial planners: increased oversight of qualifications and training
• Impact on operations and IT and implications for legal and compliance
• Future regulatory direction

Get ahead of the curve and remain compliant with latest developments in advising rules.