Podcast
Questions and Answers
What are the three broad principles of regulation based on the securities acts?
What are the three broad principles of regulation based on the securities acts?
- Disclosure of irrelevant information, registration of securities dealers, and enforcement of tax laws
- Limiting the number of securities dealers and advisors
- Providing tax exemptions, enforcing securities laws, and disclosure of relevant information
- Disclosure of relevant information, registration of securities dealers, and enforcement of securities laws (correct)
What is the difference between a National Instrument (NI) and a Multilateral Instrument (MI)?
What is the difference between a National Instrument (NI) and a Multilateral Instrument (MI)?
- NI is for large companies, while MI is for small companies
- NI is related to securities disclosure, while MI is related to tax regulations
- NI is adopted by all CSA jurisdictions, while MI is adopted by one or more CSA jurisdictions (correct)
- NI is for domestic companies, while MI is for international companies
Who administers the applicable Act in most provinces?
Who administers the applicable Act in most provinces?
- Provincial securities commissions (correct)
- The Canadian Securities Administrators (CSA)
- International securities regulators
- The federal government
What type of disclosure is required for the primary distribution of securities?
What type of disclosure is required for the primary distribution of securities?
Who must provide the approved prospectus to investors during a primary distribution of securities?
Who must provide the approved prospectus to investors during a primary distribution of securities?
When is a prospectus required for sales of previously issued securities?
When is a prospectus required for sales of previously issued securities?
What does registration of securities dealers and advisors allow the Administrators to do?
What does registration of securities dealers and advisors allow the Administrators to do?
What is the mission of the Canadian Securities Administrators (CSA)?
What is the mission of the Canadian Securities Administrators (CSA)?
What does the Alberta Securities Commission regulate?
What does the Alberta Securities Commission regulate?
What are National Instruments in the context of Canadian securities regulation?
What are National Instruments in the context of Canadian securities regulation?
What is the role of the Autorité des marchés financiers (AMF) in Quebec?
What is the role of the Autorité des marchés financiers (AMF) in Quebec?
What legislation has been passed by each province to regulate the primary and secondary distribution of securities?
What legislation has been passed by each province to regulate the primary and secondary distribution of securities?
Which organization is responsible for investigating and prosecuting securities regulation violations?
Which organization is responsible for investigating and prosecuting securities regulation violations?
Which organization deals with business conduct, financial compliance, and trade conduct compliance in the securities industry?
Which organization deals with business conduct, financial compliance, and trade conduct compliance in the securities industry?
Who is responsible for dealing with money laundering and terrorist financing in the securities industry?
Who is responsible for dealing with money laundering and terrorist financing in the securities industry?
Which organization ensures protection for depositors in the securities industry?
Which organization ensures protection for depositors in the securities industry?
What is the purpose of the Canadian Investor Protection Fund (CIPF)?
What is the purpose of the Canadian Investor Protection Fund (CIPF)?
What is the purpose of the Passport System in Canadian provinces and territories?
What is the purpose of the Passport System in Canadian provinces and territories?
Which database includes all mandatory regulatory filings in Canada?
Which database includes all mandatory regulatory filings in Canada?
What are the objectives of the North American Securities Administrators Association (NASAA)?
What are the objectives of the North American Securities Administrators Association (NASAA)?
What does the International Organization of Securities Commissions (IOSCO) regulate?
What does the International Organization of Securities Commissions (IOSCO) regulate?
What is the main purpose of the securities acts based on the text?
What is the main purpose of the securities acts based on the text?
What is the difference between a National Instrument (NI) and a Multilateral Instrument (MI) as per the text?
What is the difference between a National Instrument (NI) and a Multilateral Instrument (MI) as per the text?
How are securities activities regulated within different provinces based on the text?
How are securities activities regulated within different provinces based on the text?
What is the 'spin cycle' in the context of money laundering?
What is the 'spin cycle' in the context of money laundering?
How does the securities industry benefit from a money laundering perspective?
How does the securities industry benefit from a money laundering perspective?
What is the definition of a shell company according to IIROC RULE 1300.1?
What is the definition of a shell company according to IIROC RULE 1300.1?
Why is the securities industry more at risk during the layering stage of money laundering?
Why is the securities industry more at risk during the layering stage of money laundering?
Who is responsible for the supervision and regulation of banks, insurance companies, and trust and loan companies?
Who is responsible for the supervision and regulation of banks, insurance companies, and trust and loan companies?
What is required for financial services providers according to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act?
What is required for financial services providers according to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act?
Who must send a suspicious transaction report to FINTRAC within 30 days when there are reasonable grounds to suspect a money laundering offence?
Who must send a suspicious transaction report to FINTRAC within 30 days when there are reasonable grounds to suspect a money laundering offence?
What is required before any transactions are conducted in an account according to the regulations?
What is required before any transactions are conducted in an account according to the regulations?
Which institution is responsible for investigating and prosecuting money laundering and terrorist activity financing offences?
Which institution is responsible for investigating and prosecuting money laundering and terrorist activity financing offences?
What does Subsection (i) not apply to according to the text?
What does Subsection (i) not apply to according to the text?
