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August 13, 2025

Canada: New Express Entry categories

The Canadian government is planning to add three new occupational categories to its Express Entry immigration system in 2026. The proposed categories target senior managers, scientists and researchers, and military personnel, aiming to simplify permanent residence applications for foreign nationals in these fields, as per a CIC News report.Immigration, Refugees, and Citizenship Canada (IRCC) announced these proposals in a public consultation notice on the government’s website. The consultation will remain open until September 3, 2025, and the government has not yet shared further details about the implementation timeline.Leadership category for senior managers The proposed Leadership category is aimed at senior managers. IRCC defines senior managers as “highly skilled workers who overs

August 13, 2025

Sebi permits use of mutual funds for IAs, RAs deposit compliance

Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an alternative to scheduled bank deposits. Overnight mutual funds are a type of debt mutual fund that invests in overnight securities -- debt instruments with a maturity of just one day. Currently, Investment Advisers (IAs) and Research Analysts (RAs) are mandated to maintain a specified deposit with a scheduled bank, marked as a lien in favour of the Investment Adviser Administration and Supervisory Body (IAASB) or the Research Analyst Administration and Supervisory Body (RAASB), as applicable. Based on the representations from industry participants and feedback received during public consultations, Sebi's board approv

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