Topics F - O

Activity fees (exemptive relief applications, registration filings, etc.)

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 45 - 47, pages 48 - 49

Companion Policy 13-502CP Fees, section 2.5, 6.2

Companion Policy 13-503CP (Commodity Futures Act) Fees, section 2.5

General guidance on fees

Notice of Amendments to OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees

Notice of Amendments and Changes to OSC Rule 13-502 Fees, osc Rules 13-503 (Commodity Futures Act) Fees, and Corresponding Companion Policies

Companion Policy 13-502CP Fees

Companion Policy 13-503CP (Commodity Futures Act) Fees

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 49

Late fees for late filing of forms and notices and for late fee payment

Changes to Companion Policy 13-503CP (Commodity Futures Act) Fees to OSC Rule 13-503 (Commodity Futures Act) Fees

Changes to Companion Policy 13-502CP Fees to OSC Rule 13-502 Fees

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 48

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 39 - 41

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 18

Companion Policy 13-502CP Fees, section 4.3, 7.1-7.3

Companion Policy 13-503CP (Commodity Futures Act) Fees, section 3.3, section 5.1- 5.3

Participation fees - application of certain fee rules to public investment funds that have investment fund managers

Companion Policy 13-502CP Fees, section 3.1

Participation fees - Capital markets participation fees, general guidance

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 31

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 29

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 22-23

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 47 - 48

Companion Policy 13-502CP Fees, part 4

Companion Policy 13-503CP (Commodity Futures Act) Fees, part 3

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 45-46

OSC Staff Notice 33-755 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 47-49

Participation fees - Incorrect calculation or indirect avoidance of fees, including not reflecting all revenue from capital market activities

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 31

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 29

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 73 - 74

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, Page 23, Page 28

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 63-64

Companion Policy 13-502CP Fees, section 2.8

Companion Policy 13-503CP (Commodity Futures Act) Fees, section 2.8

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 45-46

Participation fees - Late fees and other consequences of late filing of Capital Markets Participation Fee Calculation Form 13-502F4

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 18

Companion Policy 13-502CP Fees, section 4.3

Companion Policy 13-503CP (Commodity Futures Act) Fees, section 3.3

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

Companion Policy 13-502CP Fees, section 2.6, section 4.5

Companion Policy 13-503CP (Commodity Futures Act) Fees, section 2.6

Participation fees - unregistered capital markets participants

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 22-23

Participation fees - who is required to pay

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 22-23

Companion Policy 13-502CP Fees, section 2.2

Companion Policy 13-503CP (Commodity Futures Act) Fees, section 2.2

Permitted individuals

Companion Policy 13-502CP Fees, section 6.2

Companion Policy 13-503CP (Commodity Futures Act) Fees, section 4.1

Refunds generally not entitled

Companion Policy 13-502CP Fees, section 2.7

Companion Policy 13-503CP (Commodity Futures Act) Fees, section 2.7

Wire transfer payments for EFT exempt firms

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 28

Conflicts arising from fees charged to clients

See Conflicts of Interest ➜ Conflicts arising from fees charged to clients

Disclosure of fees received by registrants, such as referral fees, success fees and finder's fees

See Reporting to clients ➜ Report on charges and other compensation

Performance fees, calculation of

See Investment funds and investment fund managers ➜ Fees and commissions - Calculation of performance fees

Investment funds - IFRS and NI 81-106 Investment Fund Continuous Disclosure

Modernization of Investment Fund Product Regulation - Alternative Mutual Funds, page 6

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 45

Companion Policy 52-107CP Acceptable Accounting Principles and Auditing Standards, section 1.1

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

Net asset value (NAV) errors and adjustments

See Investment funds and investment fund managers ➜ Net asset value (NAV) errors and adjustments, including responsibility for NAV, NAV errors and NAV error correction

Registrants' annual financial statements and interim financial information - preparation in accordance with NI 52-107 and IFRS

OSC Staff Notice 33-751 Summary Report for Dealers, Advisers and Investment Fund Managers, page 33

CSA Staff Notice 31-350 Guidance on Small Firms Compliance and Regulatory Obligations

OSC Staff Notice 52-723 Office of the Chief Accountant Financial Reporting Bulletin

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 37

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, sections 12.10 - 12.11

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 34

Companion Policy 52-107CP Acceptable Accounting Principles and Auditing Standards, part 2.7

Registrants' financial statements and interim financial information - separate (non-consolidated) financial statements for subsidiaries/jointly controlled entities

Companion Policy 52-107CP Acceptable Accounting Principles and Auditing Standards, section 2.7

Activities of finders in private placements and prospectus offerings

OSC Staff Notice 33-750 Compliance and Registrant Regulation - Summary Report for Dealers, Advisers and Investment Fund Managers, pages 27 - 28

Flow-through limited partnerships and finder’s fees paid to entities related to investment fund manager

see Flow-through limited partnerships ➜ "Finder's fees paid to entities related to investment fund manager"

Disclosure of past performance

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

See Registration - Firms ➜Exemptions from the requirement to register - foreign dealers and advisers

Finder's fees paid to entities related to investment fund manager

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

Rollovers of flow-through limited partnerships

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

Exemptions from registration - Commodity Futures Act (Ontario) - foreign dealers

See Registration - Firms ➜ Commodity Futures Act (Ontario)

Exemption from registration - U.S. broker-dealers

See Registration - Firms ➜ Exemptions from the requirement to register - foreign dealers and advisers

Time-limited relief granted to foreign broker-dealer to provide outsourced trading service to Canadian asset managers

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, page 42

Coverage limits and requirements

OSC Staff Notice 33-751 Summary Report for Dealers, Advisers and Investment Fund Managers, page 32

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 45

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 21

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, part 12, division 2

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 44 - 46

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 37-38

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 73

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, page 30

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

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, section 12.4

Exemptions from registration - Commodity Futures Act (Ontario) - foreign dealers

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

Fees - Participation fees payable by exempt international firms

See Fees - Regulatory fees for market participants ➜ Participation fees - Capital markets participation fees, general guidance

International advisers - exemption from the registration requirement

See Registration - Firms ➜ Exemptions from the requirement to register - advisers

See also Registration - Firms ➜ Exemptions from the requirement to register - foreign dealers and advisers

International dealers - exemption from the registration requirement

See Registration - Firms ➜ Exemptions from the requirement to register - dealers and underwriters

See also Registration - Firms ➜ Exemptions from the requirement to register - foreign dealers and advisers

International investment fund managers - registration requirements and exemptions

See Registration - Firms ➜ Investment fund managers - non-resident investment fund managers

International dealers - exemption from the registration requirement (Commodity Futures Act (Ontario))

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

Borrowing and cash management (mutual funds)

OSC Staff Notice 33-743 Guidance on Sales Practices, Expense Allocation and other Relevant Areas Developed from the Results of the Targeted Review of Large Investment Fund Managers, page 5793

Client reporting requirements for investment fund managers

See Reporting to clients ➜ Investment fund managers - security holder statement requirements for clients of investment fund managers

Closed-end funds (non-redeemable investment funds)

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 77

Consultants to investment funds - registration as adviser

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

Definition of "investment fund"

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

Disclaimers of liability for third party information in prospectuses

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

Expenses - allocation of expenses to investment funds, fund vs. investment fund manager expenses

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 43-44

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 55-56

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 72

OSC Staff Notice 33-743 Guidance on Sales Practices, Expense Allocation and other Relevant Areas Developed from the Results of the Targeted Review of Large Investment Fund Managers, page 5787

Fees and commissions - Disclosure of fees negotiated separately between investor and dealer (advisory fees) or fund manager (management/admin fees)

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

Fees and commissions - Disclosure of management fees - fees payable directly by securityholders

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

Fees and commissions - Disclosure of trailing commissions paid to discount brokers

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

Fees and commissions - discount fee arrangements

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 72-73

Fees and commissions - Excessive fees

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 44-45

Fees and commissions - Fixed administration fees with adjustment payments

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

Fees and expenses of funds - Disclosure in offering documents

OSC Staff Notice 33-743 Guidance on Sales Practices, Expense Allocation and other Relevant Areas Developed from the Results of the Targeted Review of Large Investment Fund Managers, page 5792

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 79

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

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 65-66

Forward purchase agreements (pre-paid forwards)

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

Fund Facts point of sale disclosure

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 75

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 60-61

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 51

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

Fund-of-funds - disclosure of fees and expenses

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

General guidance - investment fund managers

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, section 7.3

Independent Review Committee (IRC)

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 54-55

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

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 49-50

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 53 - 57

Inter-fund trades (cross trades)

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

International Financial Reporting Standards (IFRS) and investment funds

See Financial reporting ➜ Investment funds - International Financial Reporting Standards (IFRS) and NI 81-106 Investment Fund Continuous Disclosure

Liquidity (mutual fund portfolio assets)

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 75 - 76

Marketing practices

See Sales practices (mutual funds) Also see Marketing practices

Money-market funds, hedge funds and non-conventional investment funds - market turmoil review, findings and suggested practices

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, page 34

Mortgage investment entities and investment funds

See Mortgage investment entities (MIEs)

Net asset value (NAV) errors and adjustments, including responsibility for NAV, NAV errors and NAV error correction

OSC Staff Notice 33-752 2021 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 30-31

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 58-60

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, section 12.14

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, page 32

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 76 - 77

Offering memoranda

See Offering memoranda

Organizational structure of an investment fund manager

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers

Orphaned accounts and security holder statements

See Reporting to clients ➜ Security holder statements and orphaned accounts

Outsourcing to third party service providers

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 64-65

See 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

Prohibited inter-fund trades

OSC Staff Notice 33-750 Compliance and Registrant Regulation - Summary Report for Dealers, Advisers and Investment Fund Managers, page 38

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 61-62

Prohibited investments for investment funds

OSC Staff Notice 33-751 Summary Report for Dealers, Advisers and Investment Fund Managers, page 44

OSC Staff Notice 33-750 Compliance and Registrant Regulation - Summary Report for Dealers, Advisers and Investment Fund Managers, page 37

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 69

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

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 74

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, pages 33-34

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 53 - 55, page 77

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 25-26

Prohibited lending by investment fund manager to investment fundProhibited lending by investment fund manager to investment fund

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 60-61

Registration - investment fund managers

See various subtopics under Registration - Firms including:
Registration - Firms ➜ Investment fund managers;
Registration - Firms ➜ Investment fund managers - fund complexes or groups with more than one investment fund manager;
Registration - Firms ➜ non-resident investment fund managers

Registration exemptions for non-resident investment fund managers

See Registration - Firms ➜ Investment fund managers - non-resident investment fund managers

Sales communications by publicly offered investment funds

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 61

Sales practices (mutual funds)

OSC Staff Notice 33-750 Compliance and Registrant Regulation - Summary Report for Dealers, Advisers and Investment Fund Managers, pages 35 - 36

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 56-63

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 70-73

Companion Policy to National Instrument 81-105 Mutual Fund Sales Practices

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 65

OSC Staff Notice 33-743 Guidance on Sales Practices, Expense Allocation and other Relevant Areas Developed from the Results of the Targeted Review of Large Investment Fund Managers, page 5778, Appendix A

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 71 - 72

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

Short-term trading and excessive trading

OSC Staff Notice 33-750 Compliance and Registrant Regulation - Summary Report for Dealers, Advisers and Investment Fund Managers, page 39

Side letters

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, pages 31-32

Valuation of securities held in investment funds

OSC Staff Notice 33-750 Compliance and Registrant Regulation - Summary Report for Dealers, Advisers and Investment Fund Managers, pages 31 -32

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 71

Yield/income funds - regular distributions in excess of earnings

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

Accredited investor qualification and determining whether prospectus exemption is available

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

Client-directed trade instructions

OSC Staff Notice 33-751 Summary Report for Dealers, Advisers and Investment Fund Managers, page 35

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 50-55

CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your Client, Know-Your-Product and Suitability Obligations, page 415-417

OSC Staff Notice 33-740 Report on the Results of the 2012 Targeted Review of Portfolio Managers and Exempt Market Dealers to Assess Compliance with the Know-Your-Client, Know-Your-Product and Suitability Obligations, pages 5649-50

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 26-27

Delegation of KYC & suitability obligations by portfolio manager to affiliated dealer

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 63-66

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

See also Know-your-client (KYC), know-your-product (KYP) and suitability requirements ➜ Delegation of KYC & suitability obligations, general guidance

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 51-52

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 43-44
 

Delegation of KYC & suitability obligations, general guidance

OSC Staff Notice 33-751 Summary Report for Dealers, Advisers and Investment Fund Managers, page 37

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 39 - 41

CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your Client, Know-Your-Product and Suitability Obligations, page 409

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, section 13.3

OSC Staff Notice 33-740 Report on the Results of the 2012 Targeted Review of Portfolio Managers and Exempt Market Dealers to Assess Compliance with the Know-Your-Client, Know-Your-Product and Suitability Obligations, page 5651

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 61 - 63

Disclosure to clients re KYC and suitability

See also Relationship disclosure information (RDI) ➜ Suitability obligation disclosure

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, section 14.2

Inappropriate use of disclaimers and limitation of liability

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 74-75

OSC Staff Notice 33-740 Report on the Results of the 2012 Targeted Review of Portfolio Managers and Exempt Market Dealers to Assess Compliance with the Know-Your-Client, Know-Your-Product and Suitability Obligations, page 5650
 

KYC and suitability - insider status of clients

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

KYC and suitability - general guidance

OSC Staff Notice 33-751 Summary Report for Dealers, Advisers and Investment Fund Managers, page 34-35

OSC Staff Notice 33-750 Compliance and Registrant Regulation - Summary Report for Dealers, Advisers and Investment Fund Managers, page 34

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 48

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 35-36

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 33-34

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 52 - 53, pages 65 - 67

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, sections 13.2, section 13.3

CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your Client, Know-Your-Product and Suitability Obligations

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 41 - 43

CSA Staff Notice 33-315 Suitability Obligation and Know Your Product

OSC Staff Notice 33-740 Report on the Results of the 2012 Targeted Review of Portfolio Managers and Exempt Market Dealers to Assess Compliance with the Know-Your-Client, Know-Your-Product and Suitability Obligations, pages 5651-5652

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 14-16, pages 53-54

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 52-53

KYP and product due diligence

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 47-48

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 45-46, pages 47-48

CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your Client, Know-Your-Product and Suitability Obligations, page 410

CSA Staff Notice 33-315 Suitability Obligation and Know Your Product

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 60 - 61

KYP and registrant proficiency

CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your Client, Know-Your-Product and Suitability Obligations, pages 409-410

KYP and suitability

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 45-46, pages 47-48

CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your Client, Know-Your-Product and Suitability Obligations

CSA Staff Notice 33-315 Suitability Obligation and Know Your Product

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, section 13.3

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 14-16, pages 53-54

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 52-53

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, pages 26-27

On-line advising KYC process and suitability determination

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

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

CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your Client, Know-Your-Product and Suitability Obligations, page 409

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 48-49

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 16

Senior investors

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 48-51

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 36-37

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 38-39, pages 57-58

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 41-42

Suitability of trades, advice and/or investments

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

CSA Staff Notice 31-336 Guidance for Portfolio Managers, Exempt Market Dealers and Other Registrants on the Know-Your Client, Know-Your-Product and Suitability Obligations, page 413

CSA Staff Notice 33-315 Suitability Obligation and Know Your Product

OSC Staff Notice 33-740 Report on the Results of the 2012 Targeted Review of Portfolio Managers and Exempt Market Dealers to Assess Compliance with the Know-Your-Client, Know-Your-Product and Suitability Obligations, page 5649

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 53-54

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 26-27

Vulnerable investors

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 38-39, pages 57-58

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 41-42

Restriction on lending to clients

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 60-61

See Crowdfunding under MI 45-108 ➜ Restricted dealer funding portal - restriction on lending

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations section 13.12

Calculation methodology

See Reporting to clients ➜ Market value of investments and accounts

Benchmarks

OSC Staff Notice 33-752 2021 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 22

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 73-74

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers, pages 7441-7442

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, page 35-36

Exaggerated and unsubstantiated claims

OSC Staff Notice 33-752 2021 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 23

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 66

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 43-44

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers, pages 7440-7441

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 32-33, 37

Funding portals

See Crowdfunding under MI 45-108 ➜ Funding portals - advertising and general solicitation

General guidance

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 43-44

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 73-74

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 44-45, pages 55-56

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, pages 37-38

GIPS compliance

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, pages 26-27

Hypothetical performance data

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 66

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers, pages 7439-7440

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 34-35

OSC Staff Notice 33-755 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 31-32

Improper marketing of Canadian Investor Protection Fund coverage

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 56-57

Improper marketing of registration

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 56-57

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 32-33

Misleading titles

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 23-24

Names and titles - using titles that imply registration; inappropriate use of business or trade names

OSC Staff Notice 33-752 2021 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 24-25

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers, pages 7443-7444

Performance composites

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers, pages 7442-7443

Performance returns from a previous firm, and from proprietary firm and individual portfolio manager accounts

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, pages 23-24

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers, pages 7444-7445

Policies, procedures and internal controls

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers, page 7441

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, page 36

Sales communications by publicly offered investment funds

See Investment funds and investment fund managers ➜ Sales communications by publicly offered investment funds

Testimonials

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 34-35

Use of another registrant's name

OSC Staff Notice 33-754 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 32-33

Use of social media

OSC Staff Notice 33-749 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 38

CSA Staff Notice 33-321 Cyber Security and Social Media

CSA Staff Notice 31-325 Marketing Practices of Portfolio Managers, page 7438

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 38-39

OSC Staff Notice 33-755 Summary Report for Dealers, Advisers and Investment Fund Managers, page 33  

Mortgage investment entities and investment funds

OSC Staff Notice 81-722 Mortgage Investment Entities and Investment Funds

Registration obligations - investment fund manager, adviser, dealer

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 27-28

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 22-23

CSA Staff Notice 31-323 Guidance Relating to the Registration Obligations of Mortgage Investment Entities

OSC Staff Notice 81-722 Mortgage Investment Entities and Investment Funds

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

Companion Policy 45-501CP Ontario Prospectus and Registration Exemptions, sections 5.1 - 5.7

Investment funds offered by offering memorandum, disclosure in

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 56-57

Offering memorandum prospectus exemption

See Prospectus exemptions ➜ OM exemption

Right of action for damages and right of rescission in

Companion Policy 45-501CP Ontario Prospectus and Registration Exemptions, section 5.3

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 56-57

Contracts for difference (CFDs) offered through internet by unregistered entities

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

Crowdfunding under MI 45-108

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 17-18

See Crowdfunding under MI 45-108

Internet platforms and other unregistered entities engaged in registrable activities

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 26-27

Intermediaries in the exempt market

Exempt Market Review - Backgrounder, pages 3-4

On-line advisory services by portfolio managers

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 60-63

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 52-54, pages 58-59

CSA Staff Notice 31-342 Guidance for Portfolio Managers Regarding Online Advice

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 69 - 70

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 46-47

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 27

OSC Staff Notice 33-755 Summary Report for Dealers, Advisers and Investment Fund Managers, pages 29-31

"Online" delivery platforms: new business models

See also Exempt market dealers (EMDs) ➜ Online portals

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 28

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 27

Peer-to-peer lending websites

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 16-19

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 27

OSC Media Release June 19, 2015 OSC Sets Out Expectations for Businesses Planning to Operate Peer-to Peer Lending Websites

Contracts for difference (CFDs), foreign exchange contracts and similar OTC derivatives offered in Ontario

OSC Staff Notice 33-734 2010 Compliance and Registrant Regulation Branch Annual Report, page 21

OSC Staff Notice 91-702 Offerings of Contracts for Difference and Foreign Exchange Contracts to Investors in Ontario

Definition of derivatives for purpose of derivative data reporting OSC Rule 91-507

Companion Policy 91-506CP Derivatives: Product Determination

Derivatives data reporting requirements

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 55-56

Companion Policy 91-507CP Trade Repositories and Derivatives Data Reporting, CP Parts 1, 3

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 15 - 16

OSC compliance reviews

Multilateral CSA Staff Notice 91-306 Compliance Review Findings for Reporting Counterparties

OSC Staff Notice 33-748 2017 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 55-56

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 86-87

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 15 -16

OSC Staff Notice 91-704 Compliance Review Plan for OSC Rule 91-507 Trade Repositories and Derivatives Data Reporting

Rulemaking proposals

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 86-87

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 15 - 16

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 9

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 9-10

OSC Staff Notice 33-736 2011 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 13

Failure to provide the required notice

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 43 - 44

OSC Staff Notice 33-742 2013 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, page 18, pages 32-33

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 39 - 41

General guidance

OSC Staff Notice 33-747 2016 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 37-38

OSC Staff Notice 33-746 2015 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 43 - 44

Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations, section 11.9, section 11.10

OSC Staff Notice 33-738 2012 OSC Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 31-32

OSC Staff Notice 33-745 2014 Annual Summary Report for Dealers, Advisers and Investment Fund Managers, pages 39 - 41