Topics P - Z

Subtopic
Guidance

Relationship Disclosure Information (RDI) and permitted clients

See Relationship disclosure information (RDI) ➜ Permitted clients and relationship disclosure

Definition of permitted individual

See Registration - Individuals ➜ Permitted individuals

Subtopic
Guidance

Account statement delivery obligations and use of consolidated account statements

See Reporting to clients ➜ Portfolio managers - account statement delivery obligations and use of consolidated account statements

Advising clients in other jurisdictions without appropriate registration or exemption from registration

Best execution obligations

Delegation of KYC & suitability obligations by portfolio managers to referral agents

See Know-your-client (KYC), know-your-product (KYP) and suitability requirements ➜ Delegation of KYC & suitability obligations by portfolio managers to referral agents

Inadequate number of advising representatives and associate advising representatives

Institutional trade matching and settlement requirements

KYC and suitability information updates for managed account clients

KYC in Investment Policy Statements (IPSs) and Investment Management Agreements (IMAs)

See Know-your-client (KYC), know-your-product (KYP) and suitability requirements ➜ Portfolio managers and KYC in Investment Policy Statements (IPSs) and Investment Management Agreements (IMAs)

Managed accounts - accredited investor exemption and investment fund securities

Managed accounts - exemptive relief from prospectus requirements for non-accredited investors who are "secondary clients"

The Investment Funds Practitioner, publication of the Investment Funds and Structured Products Branch,

On-line advisory services

See On-line advising or dealing services ➜ On-line advisory services by portfolio managers

Personal trading

Policies and procedures - portfolio management and trading practices

See Compliance system of registered firm ➜ Internal controls and policies and procedures - portfolio management and trading practices

Supervision of advising representatives, associate advising representatives and research analysts

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 52-54

See Compliance system of registered firm ➜ Supervision of advising representatives, associate advising representatives and research analysts by portfolio managers

Trade matching and settlement

Note to users: The OSC’s Investment Funds and Structured Products Branch provides guidance for issuers of publicly-offered investment funds. You can locate guidance for public fund issuers by clicking: Investment Funds homepage and Investment Funds Practitioner publications

For prohibited managed account and inter-fund transactions (cross trades), see Portfolio Managers ➜ Trades between client accounts and inter-fund trades (prohibited cross trades)

For prohibited investments for investment funds, see Investment funds and investment fund managers ➜ Prohibited investments for investment funds

Note to users: The OSC’s Investment Funds and Structured Products Branch provides guidance for issuers of publicly-offered investment funds. You can locate guidance for public fund issuers by clicking: Investment Funds homepage and Investment Funds Practitioner publications

Subtopic
Guidance

Crowdfunding under MI 45-108

Offering memorandum - guidance on use of OM in connection with distributions in reliance on certain prospectus exemptions

See Offering memoranda ► Guidance on use of offering memoranda in connection with distributions in reliance on certain prospectus exemptions

Resale restrictions on exempt securities

Syndications (persons created solely to use exemptions)

Subtopic
Guidance

Opportunities to be heard (OTBHs) - Director's Decisions on contested and settled OTBHs, by topic and year

See Director's Decisions on OSC website

Subtopic
Guidance

Categories of registration and the entities that are required to register in those categories

Cryptocurrency Offerings

Contracts for difference (CFDs) - dealer and adviser registration requirements

See Over-the-counter (OTC) derivatives ➜ Contracts for difference (CFDs), foreign exchange contracts and similar OTC derivatives offered in Ontario

Exemptions for bulk transfers of locations and individuals (reorganization or combination of firms)

Foreign firms - identifying the principal regulator

Form 33-109F5 Change of Registration Information

Form 33-506F5 Change of Registration Information (Commodity Futures Act)

Investment fund managers - fund complexes or groups with more than one investment fund manager

Mortgage investment entities (MIEs)

See Mortgage investment entities (MIEs) ➜ Registration obligations - investment fund manager, adviser, dealer

Non-resident advisers to non-resident investment funds

Split share companies and requirement to have registered portfolio manager

See Split share companies ➜ Portfolio manager requirement

Note to users: The Dealers, Advisers and Investment Funds Managers section of the OSC website also contains guidance on the registration process under the heading Getting Registered.

Subtopic
Guidance

National Registration Database (NRD)

Opportunity to be heard (OTBH) - Upon staff recommendation to refuse to grant, renew, reinstate or amend registration or to impose terms and conditions on registration

See Registrant misconduct ➜ Opportunities to be heard (OTBHs) and settlement agreements

Subtopic
Guidance

Adding, surrendering or changing categories

Companion Policy 33-109CP Registration Information, section 2.3

See also the NRD User Guide guidance on changing/surrendering individual categories

Additional jurisdiction/additional sponsoring firm (forms)

Companion Policy 33-109CP Registration Information, section 2.2

See also the NRD User Guide guidance on changing/surrendering individual categories

Applying for registration – new advisers and CCO applicants at small PM firms

Business trigger for trading and advising

See Registration - Firms ➜ Business trigger for trading and advising

Commodity Futures Act (Ontario)

See Registration - FirmsCommodity Futures Act (Ontario)

Exemption from the requirement to register - dealers and underwriters

Exemption from the requirement to register - foreign dealers and advisers

Form 33-109F1 Notice of Termination of Registered Individuals and Permitted Individuals

Form 33-109F2 Change or Surrender of Individual Categories

See Registration - Individuals ➜ Adding, surrendering or changing categories

Form 33-109F4 Registration of Individuals and Review of Permitted Individuals

Form 33-109F5 Change of Registration Information

See also Registration - Individuals ➜ Changes to registration information of individuals

Companion Policy 33-109CP Registration Information, section 2.4

Funding portals

Proficiency requirements, applying for exemptive relief from

See also the NRD User Guide guidance, "How to Apply for an Exemption"

Restrictions on registered individuals - acting for another registered firm (dual registration)

Trading with or advising non-Ontario investors

Note to users: The OSC’s Investment Funds and Structured Products Branch provides guidance for issuers of publicly-offered investment funds. You can locate guidance for public fund issuers by clicking: Investment Funds homepage and Investment Funds Practitioner publications

See Conflicts of interest ➜ Related parties, selling securities of

Also see Exempt market dealers (EMDs) ➜ Related or connected issuers - inappropriate use by exempt market dealers of investor monies raised through related or connected issuers

Subtopic
Guidance

Disclosure of conflicts of interest

See Conflicts of interest, subtopics starting with Related or connected issuers

Disclosure of operating and transaction charges paid by clients and other compensation paid to firm (guidance on disclosure requirements at beginning of and during client relationship)

Scholarship plan dealers

Subtopic
Guidance

Investment fund managers - security holder statement requirements for clients of investment fund managers

Outsourcing client reporting or securities valuation

CSA Staff Notice 31-347 Guidance for Portfolio Managers for Service Arrangements with IIROC Dealer Members

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, Part 14 Division 5

See also Compliance system of registered firm, ➜ Oversight of third party service providers (outsourcing) - all registrants and Oversight of third party service providers (outsourcing) - investment fund managers

Position cost information for client securities

CSA Staff Notice 31-345 Cost Disclosure, Performance Reporting and Client Statements – Frequently Asked Questions and Additional Guidance, Page 9-10

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, section 14.14.2

Compliance and Registrant Regulation Branch e-mail blast March 7, 2014, Planning tips for implementing the "CRM2" amendments to ``Registration Requirements, Exemptions and Ongoing Registrant Obligations, page 2

Report on charges and other compensation - disclosure of trailing commissions and other mutual fund related charges

Scholarship plan dealers

See Compliance Consultants ➜ Risk assessment questionnaire (RAQ)

Note to users: The OSC’s Investment Funds and Structured Products Branch provides guidance for issuers of publicly-offered investment funds. You can locate guidance for public fund issuers by clicking: Investment Funds homepage and Investment Funds Practitioner publications

See Investment funds and investment fund managers ➜ Sales practices (mutual funds)

Note to users: The OSC’s Investment Funds and Structured Products Branch provides guidance for issuers of publicly-offered investment funds. You can locate guidance for public fund issuers by clicking: Investment Funds homepage and Investment Funds Practitioner publications

Subtopic
Guidance

Undertaking re investment in equity securities and terms & conditions re principal protected note investment, plan eligibility rules and OBSI complaint resolution

Note to users: The OSC’s Investment Funds and Structured Products Branch provides guidance for issuers of publicly-offered investment funds. You can locate guidance for public fund issuers by clicking: Investment Funds homepage and Investment Funds Practitioner publications

Subtopic
Guidance

Exemptive relief from s.119 of Securities Act (Ontario) (front-running prohibition) and s.13.5(2) of NI 31-103 (self-dealing prohibition)

See Compliance system of a registered firm ➜ Business continuity plan (BCP)

See Compliance system of registered firm ➜ beginning with Supervision

See Reporting to clients ➜ Trade confirmations

See Relationship Disclosure Information (RDI) ➜ Name of registrant used in registrable activities and Marketing practices ➜ Names and titles - using titles that imply registration; inappropriate use of business or trade names

Note to users: The OSC’s Investment Funds and Structured Products Branch provides guidance for issuers of publicly-offered investment funds. You can locate guidance for public fund issuers by clicking: Investment Funds homepage and Investment Funds Practitioner publications

See Portfolio managers ➜ Trades between client accounts and inter-fund trades (prohibited cross trades)

Subtopic
Guidance

Inadequate compliance systems and UDPs/CCOs not meeting their responsibilities

See Compliance system of registered firm ➜ Inadequate compliance systems and effective compliance systems - all registrants and Inadequate compliance systems and effective compliance systems - exempt market dealers; for general guidance on UDPs see Compliance system of registered firm, subtopic Ultimate Designated Person (UDP)

Subtopic
Guidance

Conflicts of interest, including disclosure of

See Conflicts of interest ➜ Related parties, selling securities of

Permitted underwriting activities for EMDs

See Exempt market dealers (EMDs) ➜ Permitted activities for EMDs

Prospectus exemptions

See Prospectus Exemptions ➜ Underwriters - availability of prospectus exemptions generally

Note to users: The OSC’s Investment Funds and Structured Products Branch provides guidance for issuers of publicly-offered investment funds. You can locate guidance for public fund issuers by clicking: Investment Funds homepage and Investment Funds Practitioner publications

See Investment funds and investment fund managers ➜ Valuation of securities held in investment funds

Subtopic
Guidance

Registration requirements

See Registration - Firms ➜ Venture capital and private equity