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Élise Renaud, Partner

Élise Renaud

Partner Fasken
The Canadian wealth management and financial services industry is a highly regulated sector that drives industry actors to use the services of specialized legal advisors.
Jurisdiction Québec, 2001
Language(s) French, English
Office(s) Montréal


Élise Renaud has leading-edge expertise based on an in-depth knowledge of the regulations applicable to the wealth management and financial services industry. Élise recognizes the importance of this industry within Canadian society and respects the role of the Canadian Securities Administrators (CSA) and self-regulatory organizations (SRO) in protecting investors. She has been recognized by The Canadian Legal Lexpert® Directory as an expert in the area of Investment Funds and Asset Management.

Élise’s practice focuses on the regulatory environment governing the daily activities of dealers, portfolio managers and investment fund managers. She advises clients during transactions outside the ordinary course of business, in particular when selling or purchasing assets under management or administration. Élise also advises portfolio managers and dealers registered under the Derivatives Act (Québec).

In addition to providing advice to registrants on registration, governance and compliance, Élise advises fund managers on creating investment funds, distributing securities of their funds and during the daily administration and management of the investment funds. She helps clients deploy diverse investment strategies aimed at retail and/or institutional investors. As such, she prepares constating and continuous disclosure documents for investment funds. She supports managers when implementing derivative-based strategies. Élise also obtains, on behalf of the registrants and investment funds she represents, exemptions from regulatory obligations.

Élise is often asked to interpret rules and guidelines issued by the CSA, the Mutual Fund Dealers Association of Canada, the Investment Industry Regulatory Organization of Canada and the Chambre de la sécurité financière.


Élise’s services are also sought by clients concerning all aspects of derivatives, including negotiations with counterparties, derivatives compliance documentation and procedures (including obligations pertaining to data reporting and central clearing of OTC derivatives).


As an expert in the area of investment funds and asset management, Élise is regularly asked to deliver seminars to registrants, their representatives and independent review committees of investment funds.


Élise works to advance the Canadian portfolio management industry. She is a member of the compliance committee of the Conseil des fonds d’investissement du Québec and actively supports the activities of the Emerging Managers Board. Élise regularly speaks on behalf of the portfolio management and investment fund industries during CSA or SRO public consultations on new regulatory initiatives, such as CSA Consultation Paper 33-404 Proposals to Enhance the Obligations of Advisers, Dealers and Representatives Toward Their Clients or CSA Consultation Paper 81-408 Consultation on the Option of Discontinuing Embedded Commissions. She also participated in the drafting of Fasken’s comment letter submitted to the Canadian Securities Administrators following the joint CSA and CCIR consultation notice – Draft Regulation to amend Regulation 31–103 and Policy Statement to Regulation 31–103 – Total cost reporting for investment funds and segregated funds dated April 28, 2022.


Client Work

  • Fiera Capital Establishes Partnership with StonePine Asset Management,
  • Walter Global Asset Management, in partnership with Bonnefield Financial’s management team, on its acquisition of Bonnefield Financial,
  • Nuvei Corporation Completed US$833 Million Initial Public Offering and Concurrent Private Placement,
  • Fiera Capital and Fiera Investments sell retail mutual funds to Canoe Financial,
  • Walter Global Asset Management announces new partnership with Validus Risk Management Ltd., a leading European financial risk firm,
  • Fiera Capital completes acquisition of Natixis' Canadian operations and funds,
  • Fiera Capital Corporation sells its retail mutual funds to Canoe Financial LP,
  • Canaccord Genuity announces the acquisition of Jitneytrade and its affiliated technology company, Finlogik,
  • Fiera Capital Corporation completes the previously announced acquisition of CGOV Asset Management,

Career & Education


  • BCL / LLB McGill University

Memberships & Affiliations

  • Member, Canadian Bar
  • Member of the Monitoring Committee of the Investment Fund Institute of Canada - Québec Branch (CFIQ)
  • Member of the Statutory Best Interest Group of the Investment Fund Institute of Canada


Fasken Institute



Article Recent amendments to NI 45-106 : What the Fund Management Industry Needs to Know

Speaking Engagements

Speaker IFIC: 17th ANNUAL TAX SYMPOSIUM IFIC : 17th Annual Tax Symposium Québec Charter of the French Language - Bill 96 location location Toronto, ON, Canada Bay Adelaide Centre


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