New Regulations to Strengthen Credit Union Security and Stability

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The recent amendment to the Credit Unions Act General Regulations, approved on October 25, 2024, establishes new regulatory standards governing unclaimed balances, borrowing restrictions, equity maintenance, and investment standards for credit unions, effective January 1,

Stabilizing Pensions: A Breakdown of Target Benefit Regulations

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Ontario Regulation 386/24, enacted on October 10, 2024, establishes new guidelines and requirements for pension plans offering “target benefits” in Ontario. This regulation falls under the Pension Benefits Act and seeks to govern target benefit

Rules Governing Ownership and Securities Holdings

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Order in Council (O.C. 1519-2024) amends Quebec’s financial regulations, specifically impacting the rules governing ownership and securities holding for various financial institutions. This order amends regulations tied to several legislative acts, including the Insurers Act,

Clear Rules, Stronger Integrity: Rules for Municipal Leaders

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On October 15, 2024, the Minister of Municipal Affairs and Housing for the Province of Nova Scotia, introduced N.S. Reg. 218/2024 under the Halifax Regional Municipality Charter, specifically under subsection 383(1). This regulation establishes a

New Guidelines for Municipal Political Parties

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Alberta Regulation 170/2024 establishes guidelines for local political parties and slates involved in municipal elections in cities like Calgary and Edmonton, under the framework of the Local Authorities Election Act. The regulation covers the registration,

Reforming Teacher Qualifications

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The amendment to the Teaching Certificates and Qualifications Regulation, under the Education Administration Act in Manitoba (Regulation 109/2024), introduces several updates impacting teacher certification requirements and classifications. These amendments aim to ensure teacher competence in

From Pay to Perks: Councillor Compensation Rules

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The Newfoundland and Labrador Councillor Remuneration and Reimbursement Regulations under the Towns and Local Service Districts Act (Regulation 70/24), filed on October 24, 2024, establishes guidelines on the remuneration and expense reimbursements for councillors in

Cybersecurity Resilience Among Financial Institutions

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Order 2024-13, issued by the Minister of Finance on October 7, 2024, establishes a regulation focused on managing and reporting information security incidents by certain financial institutions and credit assessment agents in Quebec. This order,

Oversight in Derivatives Trading

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On October 11, 2024, the Minister of Finance issued Order number 2024-15, which concerns amendments to Regulation 91-507. This regulation governs Trade Repositories and Derivatives Data Reporting under the Derivatives Act (Chapter I-14.01) and introduces

Statutory Accident Benefits

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Ontario Regulation 383/24, made under the Insurance Act introduces amendments to Ontario Regulation 34/10, particularly in relation to the Statutory Accident Benefits Schedule. Effective July 1, 2026, this regulation outlines new provisions for optional benefits