Summary

Securities regulations and compliance expectations and standards are becoming increasingly complex on a global scale. Whether you are an investment fund manager, portfolio manager, investment adviser or a dealer, it is critical that you receive legal advice and support from lawyers who not only understand the laws that affect your business, but who focus exclusively on registrants and have the depth of knowledge and experience to allow you to navigate the legal and regulatory issues associated with your business.

BLG’s Securities Registrant Regulation and Compliance team is the largest practice group of its kind in Canada and is dedicated to understanding and resolving the regulatory and other legal issues that may arise in your business.  We can provide you with information and advice you need to fully understand the laws and regulations that affect the registrant community.  The breadth and depth of BLG’s broader Investment Management Group ensures that registrant clients get multi-dimensional legal services provided in a disciplined cost-effective manner.

Our Securities Registrant Regulation and Compliance team provides a full range of legal services to registrants including:

  • Assisting firms and their officers, employees and agents to attain and maintain registered status with Canadian securities regulators and, as applicable, as members of self-regulatory organizations (SROs)
  • Developing, designing, reviewing and assessing, compliance procedures and practises relating to regulatory and internal policy requirements
  • Building or strengthening compliance capability; conducting mock audits and investigations; identifying operational problems and devising appropriate, cost-effective solutions; and responding to regulatory developments
  • Assisting registrants which are the subject of a regulatory compliance audit, including training executives and staff in appropriate responses to regulatory interviews
  • Assisting with a diverse compliance and regulatory matters, such as conflicts of interest and their management, risk management, internal controls, anti-money laundering and anti-terrorist financing, portfolio security valuation, error correction, best execution, trade-matching and soft dollar usage
  • Obtaining required regulatory relief from regulatory restrictions where necessary to allow you to operate your business as desired
  • Reviewing and drafting client documentation, such as investment management agreements, relationship disclosure, risk and conflicts of interest disclosure, new account opening forms, account agreements
  • Reviewing and providing assistance and advice on marketing materials, including brochures, presentations and sales communications
  • Reviewing and drafting offering documents relating to investment funds and other product offerings in Canada, whether offered on an exempt basis under an offering memorandum or under a prospectus.
  • Assisting with issues relating to becoming a customer of FundSERV Inc.

We assist our registrant clients – both Canadian and international - with initial start-up, establishment of compliance and operational systems through to services and product offerings. We provide advice on structuring investment funds and offerings of investment funds, including hedge and alternative funds, pursuant to private placements and public offerings to comply with Canadian securities laws.

We are counsel to the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) being the recognized SROs in Canada.  We also assist trade associations such as The Investment Funds Institute of Canada (IFIC) Portfolio Management Association of Canada (PMAC), the Alternative Investment Management Association of Canada (AIMA Canada) and the Investment Industry Association of Canada (IIAC), along with other industry trade associations.

In providing services to our registrant clients, we work closely with our lawyers in other specialized areas, including securities litigation, banking, pensions, insurance and tax to provide full service. We have excellent working relationships with the Canadian securities regulators and other government officials. We regularly and proactively provide regulatory updates and thought leadership to our clients and continuing legal education to the investment management and registrant community.

Members of our Investment Management Group are directors of industry associations including the National Society of Compliance Professionals and the Exempt Market Dealers Association of Canada.  We also participate in industry committees, including those organized by IFIC, PMAC, AIMA Canada and IIAC.

BLG is pleased to be an affiliate member of IFIC, PMAC, the Canadian ETF Association (CETFA), AIMA Canada and IIAC.

Publications

Rankings & Recognition

  • Ranked in Band 1 for Investment Funds in the 2017 edition of Chambers Canada — Canada's Leading Lawyers for Business.
  • Best Canadian Law Firm, 2014, 2015 and 2016 Canadian Hedge Fund Awards.
  • Canada Law Firm of the Year, 2014, 2015 and 2016 Americas Derivatives Awards.
  • Top Listed in Ontario and in Canada in Mutual Funds in The Best Lawyers in Canada® 2017.    
  • The 2017 edition of the Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada.       
  • The 2017 edition of the Canadian Legal Lexpert® Directory.
  • The 2016 Who's Who Legal — The International Who's Who of Private Funds Lawyers.