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Earlier this month we published a blog post about trusted contact persons (TCPs). The same amendments to securities laws that allow advisers to ask for and collect TCP information also allow advisers to place a temporary hold on a transaction under certain circumstances. This was another enhancement made to better protect older and vulnerable investors.
An adviser can place a temporary hold if:
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Nova Scotia’s population is aging at a rapid pace. In the last census held in 2021, it was found that 22.2 percent of Nova Scotia’s population is 65 years of age or older. That percentage has only increased since then.
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First observed by the United Nations in 2012, World Elder Abuse Awareness Day (WEAAD) recognizes that nearly every country across the globe is experiencing a substantial growth in the number of older persons. With the population of older persons increasing, it unfortunately leads to an increase in the amount of elder abuse.
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On July 25, 2023, SEDAR+ will replace the existing SEDAR and CSA cease trade order and disciplined persons platforms. SEDAR+ is an upgraded platform that allows Canadian public companies to file their disclosure documents with regulators. It will also integrate with the cease trade orders database.
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Has your investment adviser asked you to appoint a trusted contact person (TCP) on your account? Canadian securities regulators added the TCP as an enhancement to protect older and vulnerable investors. Adding a TCP is available to all investors no matter their age. Advisers are required to ask their clients to name a TCP, but it is up to the client if they wish to provide one or not.
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Tomorrow is the start of seniors month. Throughout June the Nova Scotia Securities Commission will be sharing investor education content relevant to seniors and delivering presentations to seniors groups. Here is a look at some of the content, and presentation we have scheduled:
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Last week we went over the basics of a form of derivative known as options. Bringing up derivatives led to some other derivative-related questions, specifically around swaps. So, today we’re going to look at three different types of swaps.
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A few DIY investment platforms in Canada recently began offering options trading to customers. To make sure investors know what they’re getting into before investing in options here’s a quick rundown of how options investing works.
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You may be aware that an exchange-traded fund (ETF) is typically a collection of securities that allows an investor to diversify their portfolio by purchasing one investment. That has changed slightly following the launch of the first single-stock ETFs in Canada in December 2022.
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Our first regulatory review of 2023 looks at all releases and notices issued by the Nova Scotia Securities Commission and the Canadian Securities Administrators (CSA) since January. It’s been a busy start to 2023 for securities regulators.