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February 15, 2017

Practical Law Canada Competition has published a new Legal Update, which discusses the Competition Bureau’s FinTech and competition work over the past year. Below is an excerpt with a link to the full Update.

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This Legal Update provides an update on the Competition Bureau’s (Bureau) ongoing FinTech market study. It includes background for the Bureau’s FinTech related advocacy, recent activities and details for its FinTech workshop on February 21, 2017. This Update also includes some potential implications of the Bureau’s review of the financial technology sector.

Practical Law Canada Competition

On February 21, 2017 the Competition Bureau (Bureau) is hosting a workshop on competition and FinTech (technology-driven innovation in the financial services sector) in Ottawa. For more information, see Competition Bureau, Announcement, Does Canada offer a competitive environment where FinTech innovation can flourish? (February 14, 2017).

During its workshop, key members of the FinTech community, including Canadian start-ups, banks, provincial and federal regulators and international experts, will discuss the connections between competition, innovation and regulation in the FinTech sector. The Bureau will be posting real-time updates during the workshop on its Twitter page (@CompBureau) and will have a live webcast for the event.

The Bureau’s upcoming workshop is part of its ongoing FinTech market study in which, in general, it is looking to understand whether Canada offers a competitive environment where FinTech innovation can flourish and whether it should make recommendations to regulators to increase competition in the sector.

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For the full update see: Competition and FinTech: Update on the Competition Bureau’s Market Study and Upcoming Workshop.

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