This edition provides a summary of newly effective and forthcoming regulatory matters in Canada in the quarter ended December 31, 2025.
Canadian securities: New guidance
- OSC Staff Notice 81-739 Investment Management Division Annual Summary Report
- Notice of Ministerial Approval of Amendment Relating to Well-known Seasoned Issuers
- Joint Canadian Securities Administrators and Canadian Investment Regulatory Organization – Staff Notice 31-369 Guidance on the Application of Securities Legislation to Finfluencer Activity
- OSC Staff Notice 51-737 Corporate Finance Division 2025 Annual Report
- Joint Canadian Securities Administrators and Canadian Investment Regulatory Organization Staff Notice 31-368 – Client Focused Reforms: Review of Registrants’ Known Your Client, Know Your Product and Suitability Determination Practices and Additional Guidance Notice.
Canadian securities: Proposed guidance
- Proposed Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers and Proposed OSC Rule 51-507 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers
- Proposed Amendments to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure
- Proposed Amendments to National Instrument 81-102 Investment Funds; and Proposed Changes to companion Policy 81-102 Investment Funds; and Consultation Paper on Liquidity Risk Management Tools, Liquidity Classification, and Regulatory Disclosure and Data.
