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Proposed Revisions to Guideline B-10 Would Affect Outsourcing by Financial Institutions to Fintechs

​​​​​​​Fintechs and other entities that contract with federally regulated financial institutions (FRFIs) should be aware of the possibility of more stringent requirements regarding risk management in their commercial...more

Federal Government Introduces Cybersecurity Legislation to Protect Critical Infrastructure

On June 14, 2022, federal Public Safety Minister Marco Mendicino introduced Bill C-26, An Act Respecting Cyber Security (ARCS). Intended to strengthen cybersecurity of vital services and vital systems, this proposed...more

OSFI Calls for Consultation on Draft Guidelines for Technology and Cyber Risk Management

On November 9, 2021, the Office of the Superintendent of Financial Institutions (OFSI) launched a three-month public consultation on the Draft Guideline B-13: Technology and Cyber Risk Management....more

Ontario Promises to Create Canada's First Provincial Data Authority

On April 30, 2021, the Government of Ontario introduced Building a Digital Ontario, the province's new digital and data strategy, which lays the foundation for Ontario to become "the world's leading digital jurisdiction."...more

Substantial Changes to Federal Regulation of Privacy Now Imminent

Comprehensive reform to Canada's privacy legislation—which privacy experts have long anticipated—is now imminent. Today, the Minister of Innovation, Science and Industry, the Honourable Navdeep Bains, tabled the Digital...more

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