United States

US indicts Iranian computer specialists for cyberattacks on banks and a dam. The New York Times reported that the Justice Department unsealed an indictment against seven Iranian computer specialists who regularly worked for the country’s Islamic Revolutionary Guards Corps. The indictment charged that the Iranian computer specialists were behind cyberattacks on dozens of American banks and that they attempted to take over the controls of a small dam in Rye, NY. In addition, the indictment cited attacks on the New York Stock Exchange and AT&T. (3/24/2016) The New York Times.


CSA gives advance notice of its upcoming publication on its work to enhance the obligations of advisers, dealers and representatives toward their clients.The CSA provided advance notice of the upcoming publication of CSA Consultation Paper 33-404 - Proposals to Enhance the Obligations of Advisers, Dealers, and Representatives Toward Their Clients. The Consultation Paper, expected to be published toward the end of April 2016, will seek comment on proposed regulatory action aimed at strengthening the obligations that advisers, dealers and representatives owe to their clients. (3/31/2016) CSA Staff Notice 33-317.

Canadian securities regulators are seeking comment on proposed proxy voting protocols. The CSA published CSA Multilateral Staff Notice 54-304 Final Report on Review of the Proxy Voting Infrastructure and Request for Comments on Proposed Meeting Vote Reconciliation Protocols. Among other things, the Notice seeks comment on proposed protocols containing CSA staff expectations and guidance for improving the processes involved in the tabulation of proxy votes. (3/31/2016) CSA press release.

OSC issues request for comments on Statement of Priorities for financial year to end March 31, 2017. The OSC issued a request for comments on its draft Statement of Priorities. The OSC will consider the feedback and make necessary revisions prior to finalizing and publishing its 2016-2017 Statement of Priorities. Interested parties may make written submissions to the OSC by May 9, 2016. (3/10/2016) OSC request for comments.