Topics A - E

See Prospectus exemptions, also see Exempt market dealers (EMDs) ➜ Accredited investor exemption and sale of exempt securities to non-accredited investors

See Portfolio managers and its subtopics, as well as other relevant topics

For guidance for use in investment performance reports (under the cost disclosure and performance reporting requirements in NI 31-103), see Reporting to Clients ➜ Investment performance report - use of benchmarks

For general guidance, see Marketing practices ➜ Benchmarks

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 ➜ Fiduciary duty - statutory best interest standard and duty of care of investment fund managers

See Relationship disclosure information (RDI) ➜ 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)

See Reporting to clients ➜ Report on charges and other compensation for guidance on disclosure specific to the annual report

Subtopic
Guidance

Exemptions from the registration requirement - foreign dealers - unsolicited trade and hedger exemptions

See Exemptions from the requirement to register - advisers ➜ Exemptions from the requirement to register - Commodity Futures Act (Ontario) - dealers

Participation fees - Registrants under both the Securities Act and the Commodity Futures Act

See Fees - Regulatory fees for market participants ➜ Participation fees - Registrants under both the Securities Act and the Commodity Futures Act

Registration under the Commodity Futures Act (Ontario) - firms and individuals

See Registration - FirmsCommodity Futures Act (Ontario)

Subtopic
Guidance

Compliance with data reporting requirements of OSC Rule 91-507

See Over-the-counter (OTC) derivatives ➜ OSC compliance reviews

Subtopic
Guidance

Cyber security

Inadequate compliance systems and effective compliance systems - all registrants

Insider status of clients and insider trading rules

See Portfolio managers ➜ Insider status of clients and insider trading rules

Internal controls and policies and procedures - portfolio management and trading practices

Oversight of third party service providers (outsourcing) - all registrants

Oversight of third party service providers (outsourcing) - service arrangements between portfolio managers and IIROC dealer members

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

Finder's fees paid to entities related to investment fund manager of flow-through limited partnerships

See Flow-through limited partnerships ➜ Finder’s fees paid to entities related to investment fund manager

Managed account and inter-fund trades (cross trades)

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

Referral arrangements

Related or connected issuers - inappropriate use by exempt market dealers of investor monies raised through related or connected issuers

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

Serving on a board of directors

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

Subtopic
Guidance

Crowdfunding under MI 45-108 -resale of securities distributed under the crowdfunding prospectus exemption

Form 45-106F1 Report of exempt distribution

See Prospectus exemptions ➜ Reports of exempt distributions

Funding portals - access to funding portal

Funding portals - advertising and general solicitation

Funding portals - denial of issuer access and termination

Funding portals - issuer access agreement

Funding portals - obligation to review materials of eligible crowdfunding issuer

Funding portals - Online platform acknowledgement

Funding portals - purchaser requirements prior to purchase

Funding portals - registered dealer

Funding portals - restricted dealer

Funding portals - monitoring purchaser communications

Funding portals - restricted dealing activities - related and connected issuers

Funding portals - restricted dealing activities - payments by issuers

Restricted dealer funding portal - chief compliance officer

Restricted dealer funding portal - permitted dealing activities

Restricted dealer funding portal - proficiency of individuals

Restricted dealer funding portal - prohibition on providing recommendations or advice

Restricted dealer funding portal - restriction on lending

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

Disclosure of where and the manner in which client’s assets are held or accessed

Insurance requirements for registered firms that hold or have access to client assets

See Insurance ➜ Insurance requirements for advisers that hold or have access to client assets

Prohibition on self-custody and the use of a custodian that is not functionally independent

Prohibition on self-custody and the use of a custodian that is not functionally independent

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

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 guidance on disclosure by specific entities and/or in specific contexts, see specific topics or subtopics. Some helpful topics may be Relationship disclosure information (RDI), Reporting to clients and Investment funds and investment fund managers and Conflicts of interest

Subtopic
Guidance

See Complaint handling ➜ Dispute resolution service

Subtopic
Guidance

Client-directed trade instructions, misuse of

Crowdfunding under MI 45-108

Funding portals

Know-your-client (KYC), know-your-product (KYP) and suitability requirements

Marketing and client disclosure

Related or connected issuers, selling securities of

See Conflicts of interest ➜ Related parties, selling securities of

See also Prospectus exemptions and subtopics

Subtopic
Guidance

Reporting the sale of exempt securities to the OSC

See Prospectus exemptions ➜ Reports of exempt distributions

Resale restrictions on exempt securities

See Prospectus exemptions ➜ Resale restrictions on exempt securities

Sale to non-accredited investors

See Exempt market dealers (EMDs) ➜ Accredited investor exemption and sale of exempt securities to non-accredited investors

Supervision of dealing representatives by exempt market dealers

See Compliance system of registered firm ➜ Supervision of dealing representatives by exempt market dealers

Subtopic
Guidance

Dealer registration relief in connection with leveraged employee share offering