PowellDorian's Regulatory Recap
PowellDorian Services Inc. delivers leading corporate and regulatory compliance solutions to organizations within all industry sectors throughout Western Canada. Our range of services are suited to small-to-medium size enterprises - from the entrepreneur who wants to take the business to the next level, to financial institutions, not-for-profit organizations and crown corporations looking to maximize stakeholder value.
Here is your single source of the week's most significant regulatory news, to save you time and effort better spent focusing on your business.
ACCOUNTING AND TAXATION UPDATES
CICA / IASB
June 4, 2010: |
The International Public Sector Accounting Board (IPSASB) has issued an Exposure Draft entitled “Service Concession Arrangements: Grantor”. Canadian public sector stakeholders are encouraged to provide their views to IPSASB on these proposals. Comments are requested by June 30, 2010.
Read More » |
June 2, 2010: |
The International Accounting Standards Board (IASB) posted two IFRS Interpretations Committee podcasts to the IASB website - the first gives a short introduction and overview of the Committee's work, and the second podcast provides a brief summary of the decisions made in the last Interpretations Committee meeting.
Read More » |
June 1, 2010: |
The IASB posted an update of the tentative decisions reached by the Board regarding consolidation, insurance contracts and leases. Tentative decisions do not change existing requirements until those decisions are incorporated in a new or amended standard.
Read More » |
Canada Revenue Agency (CRA)
No news to report this week. |
|
PUBLIC COMPANY REGULATORY UPDATE
OSC / CSA / SEC / TSX
May 31, 2010: |
The Canadian Securities Administrators (CSA) posted information regarding the securities regulators in British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick and Nova Scotia. These regulators have published Multilateral Consultation Paper 51-403 Tailoring Venture Issuer Regulation, which seeks input on whether there is an opportunity to build on the current venture market regulatory regime and further enhance investor protection while reducing regulatory costs for venture issuers.
Read More » |
FINANCIAL INSTITUTION REGULATORY UPDATE
OSFI / CDIC / CPA / Western Provincial Regulators
June 3, 2010: |
The Financial Institution Commission of BC (FICOM) posted MB 10-004 Mortgage Lead Generation: Requirement for Mortgage Broker Registration which explains the activities of mortgage arranging that would require registration as a mortgage broker.
Read More »
|
June 2, 2010: |
The British Columbia Securities Commission (BCSC) is hosting a workshop for Mortgage Investment Corporations (MICs) and Mortgage Syndicators (MSs) on Wednesday June 23, 2010. Topics to be covered include how National Instrument 31-103 Registration Requirements and Exemptions affects the registration and business conduct requirements of MICs and MSs that are in the business of trading.
Read More » |
May 31, 2010: |
The Office of the Superintendent of Financial Institutions (OSFI) posted its monthly reminder regarding Monthly Reporting to OSFI on List of Names subject to the Regulations Establishing a List of Entities made under subsection 83.05(1) of the Criminal Code and/or the Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism (RIUNRST) and/or United Nations Al-Qaida and Taliban Regulations (UNAQTR).
Read More »
|
CONSUMER PROTECTION / PRIVACY
FINTRAC / FCAC
June 3, 2010: |
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) posted The Money Laundering and Terrorist Activity Financing Watch for July – September, 2009 and which presents a quarterly review of news articles summarizing relevant group-based, activity-based and country-based money laundering and terrorist activity financing issues and alerts readers to new financial mechanisms or technologies that could possibly be exploited for money laundering or terrorist activity financing purposes in Canada.
Read More » |
About PowellDorian Services Inc.
PowellDorian is a leading professional services firm based in Vancouver, serving all of Western Canada. We are an all-inclusive cost-effective corporate and regulatory compliance solution for companies. Our team of professionals include lawyers, accountants, internal audit, risk management and business process experts who possess over 75 years of combined experience from a wide range of industries. We are here to help overcome your regulatory challenges so you can focus on what you do best.
How can we help you? Feel free to email us at info (at) powelldorian.com or contact us via phone at +1.778.588.7210 for more information.
|
Brought to you by:
Lisa Dorian, CA.CIA, CPA(IL)
President, PowellDorian
Lisa Dorian, President of PowellDorian, has worked with private and public companies, not-for-profit organizations, all levels of government and also within the financial services industry, providing compliance and control services, including those related to internal audit, corporate governance, enterprise risk management and most recently IFRS implementation. Lisa has held many senior financial positions within the public and private sectors before moving into her current compliance related activities. A past president of Financial Executives International Canada’s Vancouver Chapter, Lisa is a member of FEI Canada’s National Board and is also a member of FEI’s National Issues and Policy Advisory Committee, chairing the sub-committee on corporate governance and internal control.
|
Follow us on Twitter
Become a fan
Brought to you by:
Lisa Dorian, CA.CIA, CPA(IL)
President, PowellDorian
Lisa Dorian, President of PowellDorian, has worked with private and public companies, not-for-profit organizations, all levels of government and also within the financial services industry, providing compliance and control services, including those related to internal audit, corporate governance, enterprise risk management and most recently IFRS implementation. Lisa has held many senior financial positions within the public and private sectors before moving into her current compliance related activities. A past president of Financial Executives International Canada’s Vancouver Chapter, Lisa is a member of FEI Canada’s National Board and is also a member of FEI’s National Issues and Policy Advisory Committee, chairing the sub-committee on corporate governance and internal control.