Earlier this week, the Canadian Securities Administrators (CSA)
announced they were delaying the
implementation of certain portions of their client focused reforms
initiative until next year.
The reforms, published in October 2019 (Notice of
Amendments), introduce new or amended registrant conduct
requirements under National Instrument 31-103 Registration
Requirements, Exemptions and Ongoing Registrant Obligations
(NI 31-103) with the intention of better aligning the interests of
registrants with those of clients. Amendments relating to conflicts
of interest (the enhanced conflicts requirements), described in
sections 18 through 25 of the Notice of Amendments and relationship
disclosure information requirements were set to come into force on
December 31, 2020.
