Treasury is consulting on amendments to the Banking Act to increase the withdrawal limit without production of probate, of the will, or letters of administration of the estate and to permit payments to include the payment of court filing fees.The
Banking, Finance and Securities
Internal Dispute Resolution data reporting
ASIC has announced that it proposes to extend its “Internal Dispute Resolution data reporting instrument” which specifies the internal dispute resolution (IDR) information that financial firms must report to ASIC, with one change (for small banks).ASIC Corporations (Internal Dispute
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Changes to the Minister Rules under the Financial Accountability Regime Act
Treasury is consulting on changes to the Minister Rules under the Financial Accountability Regime (FAR) Act.The Financial Accountability Regime (Minister) Amendment (Enhanced Notification Threshold) Rules 2026 will amend the Rules by increasing the enhanced notification threshold for authorised deposit taking
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Banking Regulations revision
Treasury is consulting on the draft Banking Regulations 2026, which will replace the Banking Regulations 2016.The draft regulations increase the covered bond issuance limit for authorised deposit-taking institutions (ADIs) to 12 per cent of an ADI’s assets. The current
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Derivatives, Legislative and Regulatory Weekly Update (October 23, 2026)
From the Derivatives Practice Group: This week, the CFTC’s Innovation Task Force released the agenda for the inaugural Frontier Forum on Super Intelligence.
New Developments
CFTC’s Innovation Task Force Announces Agenda & Panelists for Inaugural Frontier Forum on Super Intelligence.…
U.S. Investor Behind Flair Airlines Expansion Pleads Guilty to $500 Million Fraud Scheme
The former CEO of 777 Partners and a major investor in Flair Airlines has plead guilty to wire fraud and securities fraud after admitting to a scheme that defrauded lenders and investors of hundreds of millions of dollars.
Miami-based investor…
RCMP Search Lion Electric Facilities in Quebec Investment Fraud Investigation
Federal investigators have searched Lion Electric’s Saint-Jérôme facilities following complaints from more than 100 investors, as authorities examine alleged financial misconduct connected to the company’s former ownership.
The Royal Canadian Mounted Police (RCMP) carried out searches at Lion Electric’s facilities…
Forensic Accountant Details $16.3 Million in Personal Spending at ‘Crypto King’ Fraud Trial
An Ontario Securities Commission forensic accountant testified that Aiden Pleterski spent more than $16 million in investor funds on luxury vehicles, credit cards, travel and other expenses, while directing only a fraction of the money toward trading platforms.
Aiden Pleterski,…
Calgary Man Fined $105,000 and Banned From Trading for Eight Years Over Stock Manipulation
The Alberta Securities Commission has sanctioned former Softlab9 director Alnoor Fatehali Nathoo after he admitted to manipulating share prices and failing to disclose securities transactions as required by law.
The Alberta Securities Commission (ASC) has reached a settlement with Calgary…
BCSC Imposes 20-Year Market Ban on Canadian Convicted of U.S. Securities Offences
The British Columbia Securities Commission has barred Avtar Dhillon from participating in the province’s investment market for 20 years following his U.S. criminal convictions involving undisclosed stock sales and securities promotion.
The British Columbia Securities Commission (BCSC) has imposed a…