On August 15, 2022, the Ontario Securities Commission (OSC) the published the first pre-registration undertakings filed by crypto currency trading platforms Coinsquare Capital Markets Ltd. and Crypto.com (the platforms). The undertakings provided by the platforms to the OSC are an important first step towards the…

The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) have amended the self-certified investor prospectus exemption in response to market feedback to provide greater flexibility to businesses and investors in Alberta and Saskatchewan (the amendments). The self-certified prospectus exemption…

Amid the continuing challenges posed by climate change, The Chartered Professional Accountants of Canada (CPA Canada) has published its guide for audit committees in their oversight of climate change, Climate Change – A Role for Audit Committees (the Guide). The Guide stresses the continuing importance of…

The Canadian Securities Administrators (CSA) have published 2022-2025 CSA Business Plan (The Business Plan). The Business Plan, approved on June 9, 2022, sets out the priorities that the CSA has committed to pursue collaboratively over the next three years. The priorities adapted by the CSA…

The Canadian Securities Administrators (CSA) have extended the consultation period for CSA Consultation Paper 43-401 Consultation on National Instrument 43-101 Standards of Disclosure for Mineral Projects (The Consultation Paper) a further 60 days, now ending on September 13, 2022. Stakeholders have indicated that it would…

The Canadian Securities Administrators (CSA) today released its fiscal year 2021-2022 Enforcement Report (the Enforcement Report), which outlines the specific actions that CSA members undertook in the past year to detect, disrupt and deter wrongdoing and hold securities law violators accountable.   Highlights from the fiscal…

The Joint Forum of Financial Market Regulators (Joint Forum) held its annual meeting on June 15, 2022. The Joint Forum brings together members of the Canadian Securities Administrators (CSA), the Canadian Council of Insurance Regulators (CCIR), the Canadian Association of Pension Supervisory Authorities (CAPSA) and…

On June 6, 2022, pursuant to section 143.4 of the Securities Act (Ontario), amendments to the following rules came into force: National Instrument 33-109 Registration Information (NI 33-109), and National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103). Furthermore, on June 6,…

Members of the Canadian Securities Administrators (CSA) recently published for comment for a five-month period ending October 7, 2022, a set of proposals  (the Proposed Amendments) designed to streamline and internationally harmonize over-the-counter derivatives data reporting standards. The Proposed Amendments are expected to reduce the…

The TSX Venture Exchange (TSX-V) has published a bulletin to issuers reminding them that the 2022 annual sustaining fees were due and payable March 31, 2022. In the bulletin, TSX-V staff note that late payment can result in a late payment fee and that failure…