Financial Services Financial Services

Financial services regulation in 2021: Back to business

After the tumult of 2020, 2021 was marked by a return to regulatory functions, as well as growth in key areas.

Guarantor beware: Potential liability without borrower default

A recent Ontario Court of Appeal decision held that guarantors may be responsible for the debts and obligations of a borrower, even if the borrower...

Advisory Committee on Open Banking releases Final Report

On August 4, 2021, the Advisory Committee on Open Banking (the Committee) released its Final Report, which includes 34 recommendations for the...

Federal Financial Consumer Protection Framework in-force date announced, new regulations published

The new federal Financial Consumer Protection Framework is now set to come into force on June 30, 2022. In their Update, Osler’s Haley Adams and...

New CRA guidance on input tax credit allocation methods for financial institutions under section 141.02 of the Excise Tax Act

The Canada Revenue Agency recently released new guidance on #inputtaxcredit allocation methods for #financial institutions. In their Osler Update,...

Understanding recent changes to non-GAAP and other financial measure disclosure

In their Osler Update, authors Daniel Kolibar, Kelsey Armstrong and Lindsay Hofer comment on National Instrument 52-112 – Non-GAAP and Other...