Lynn M. McGrade  

Partner

Executive Summary

Lynn McGrade is a partner at the Toronto office of Borden Ladner Gervais LLP. She is the Toronto Regional Leader of the Investment Management Group, chair of the Firm’s Women’s Leadership Development Committee and National Leader of the Firm's United Kingdom Group.

Lynn practises corporate law, specializing in issues relating to the investment management industry. She represents both Canadian and foreign investment fund managers on ongoing legal issues relating to the provision of advisory services, the distribution of securities and the establishment, operation and administration of investment products in Canada. Lynn has been involved in the creation of many investment products including mutual funds, exchange-traded funds, segregated funds, hedge funds, closed-end funds and pooled fund products. Lynn is also a recognized authority on securities registrant regulation, compliance and fund governance, and has extensive experience in merger and acquisition transactions in the investment industry.

Representative Work

  • ​Has been involved in the creation and structuring of investment products, including fund-on-fund structures, funds involving derivatives, leverage or short selling and exempt or private funds, exchange-traded funds, listed or closed-end funds, segregated funds, and private equity funds.
  • Frequently provides training and advice on compliance issues impacting securities registrants, including providing assistance with the preparation of policies and procedures and risk management systems and preparing for and responding to issues arising in connection with regulatory compliance audits and surveys.
  • Advises many foreign fund managers and portfolio managers in connection with offering funds or advisory services in Canada.
  • Regularly advises on a wide range of fund governance, securities registrant regulation, sales practices and advertising issues.
  • Regularly assists fund managers with fund restructurings including multi-classing, windups, mergers and terminations.
  • Has acted for industry participants in a large number of merger and acquisition transactions, including sales and purchases of mutual fund businesses, closed-end listed funds, high net worth advisory businesses, and IIROC and MFDA members.
  • Deals extensively with issues relating to institutional and high net worth managed account businesses and mandates.
  • Proficient in issues relating to custody, brokerage arrangements, repurchase arrangements and securities lending.
  • Has obtained novel and group exemptive relief from various securities requirements.

Publications & Presentations

  • Author, "OSC Staff Guidance on Portfolio Liquidity for Investment Funds - Eight Key Compliance Considerations," BLG Investment Management Bulletin, July 2015.
  • Panelist, “Writing a CCO Annual Report,” NSCP Canadian Committee Meeting, March 2015.
  • Speaker, “Regulatory Update: Fund Modernization Initiatives​,” IRI Conference (Toronto), November 2014.
  • Moderator and Panelist, “A Career in Law,” Queen’s Women in Leadership Conference, November, 2014.
  • Keynote Speaker, Women’s Law Association of Ontario (WLAO) Young Lawyer Chapter Meet and Greet, October 2014.
  • Speaker, Canadian Roundtable, NSCP National Conference, Washington, October 2014.
  • Panelist, “Surviving a Regulatory Audit for Small Firms,” NSCP National Conference, Washington, October 2014.
  • Speaker, “Transforming Law Firm Culture – Creating Conditions for Career Success​,” OBA Forum, September 2014.
  • Panelist, “Juggling Legal Priorities in an Ever-Changing Regulatory Environment,” PMAC’s Lawyers’ Network Summer Social, June 2014.
  • Panelist, “Breaking Through,” Justicia Celebration, May 2014.
  • Chair Panel, “A Dialogue with Regulators,” NSCP Canadian Committee Meeting, March 2014.
  • Speaker, “How Australian Regulators Changed the Global Rules on Mutual Fund Trailers,” Client Insights, March 2013.
  • Speaker, “Why One in Three UK Advisors Could Leave the Business,” Client Insights, March 2013.
  • Speaker, “Proposals for Mutual Fund Fees: Changing the Landscape on Advisor Compensation,” Client Insights, March 2013.
  • Moderator, “International Compliance Concerns,” National Society of Compliance Professionals (NSCP) National Meeting, Washington, D.C., October 2012.
  • Panelist, “Changing Times, Changing Law Firms” at IBA Law Firm Management Committee, IBA Annual Conference, Dublin, October 2012.
  • Consulting Editor and Chapter Author, Hedge Funds, Globe Business Publishing Ltd., 2012.
  • Moderator, “Dialogue with Area Regulators Panel,” NSCP Canadian Membership Meeting, June 2012.
  • Moderator, “IRI Fund Mergers – IRC Review Process,” IRI Conference, May 2012.
  • Panelist, “Advancement and Retention of Women in Professional Services,” BLG Roundtable Event, November 2011.
  • Panel Co-Chair, “Post-Financial Crisis Measures in North America to Further Regulate Securitisation and Shadow Banking,” IBA Annual Conference, Dubai, November 2011.
  • Moderator, “Jurisdictional Regulatory Divergence: Advisers and Funds,” NSCP National Meeting, Baltimore, October 2011.
  • Co-Author, “Regulatory Developments in the Canadian Asset-Backed Securities Industry,” IBA Securities Newsletter, July 2011.
  • Author, “Women and the Business of Law” chapter, The Business of Law: Strategies for Success, Globe Business Publishing Ltd., 2012.

Rankings & Recognitions

  • Recognized as a 2017 Acritas Star.
  • In every edition of the Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada (Investment Funds and Asset Management) since 2008.
  • Recipient of the Women's Executive Network (WXN) 2013 Canada's Most Powerful Women: Top 100 Award.
  • Recognized in the 2018 edition (and since 2016) of the Chambers Canada — Canada's Leading Lawyers for Business (Investment Funds).
  • Selected by peers for inclusion in the 2018 edition (and since 2006) of The Best Lawyers in Canada® (Mutual Funds Law).
  • Recognized in the 2015, 2014 and 2013 editions of Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada (Investment Funds & Asset Management).
  • Recognized in the 2016 edition of Who’s Who Legal - The International Who’s Who of Business Lawyers in the area of Private Funds (since 2003).
  • Recognized in the 2017 edition of the The Canadian Legal Lexpert® Directory (Corporate Mid-Market and Investment Funds & Asset Management) and every edition since 2008 (Investment Funds & Asset Management).
  • The 2016 edition (and since 2013) of Who's Who Legal: Canada (Private Funds).
  • Recipient of the 2013 Lexpert® Zenith Awards — Celebrating Women Leaders in the Legal Profession.