Press Release Toronto ON – January 1, 2020 – Barbara Hendrickson, Managing Partner and Founder of BAX Securities Law welcomed securities lawyer Neil Mangan to the company’s team of legal professionals. “We are proud to have Mr. Mangan practice in association with BAX Securities Law,”…
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] The Canadian Securities Administrators (CSA) has published CSA Staff Notice 81-332, Next Steps on Proposals to Prohibit Certain Investment Fund Embedded Commissions (the Staff Notice). The document details the regulator’s ongoing plan to prohibit certain classes of embedded…
The Ontario Securities Commission (OSC) and the Financial Services Regulatory Authority of Ontario (FSRA) have updated the timeline for the handover of responsibility of oversight of syndicated mortgage investments from FSRA to the OSC. The handover which was to occur at the start of 2020…
The Financial Services Regulatory Authority of Ontario (FSRA) has provided an update for its intentions to provide burden reduction for syndicated mortgage investments. While earlier introducing a new supervisory approach to higher-risk syndicated mortgages marketed to retail investors, the regulator is now introducing amended disclosure…
Canada’s financial watchdog, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has published updated requirements for the identification of certain individuals or corporations or entities, Methods to Verify the Identity of an Individual and Confirm the Existence of a Corporation or an Entity…
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] The Financial Services Regulatory Authority (FSRA) of Ontario has taken its first steps in bringing financial planners and financial advisors (planners and advisors) under its aegis, by opening with discussions with stakeholders regarding a plan that would firm…
The Ontario Securities Commission (OSC) has published a year-end update on its burden reduction efforts for Ontario capital market participants, Reducing Regulatory Burden in Ontario’s Capital Markets, 2019 (the Update). In OSC Staff Notice 11-784, Burden Reduction (the Staff Notice), published in January 2019 and…
The Canadian Securities Administrators (CSA) and the participating jurisdictions of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, and Nova Scotia (the Participating Jurisdictions) have signed a cooperation agreement (the Agreement) with the Monetary Authority of Singapore (MAS), which is Singapore’s central bank and…
The Canadian Securities Administrators (CSA) has completed its review of the disclosure of 70 Canadian Cannabis industry registrants, CSA Staff Notice 51-357, Staff Review of Reporting Issuers in the Cannabis Industry (the Staff Notice). Prior to the Cannabis Act, 2018 (the Act), which permits the…
The British Columbia Securities Commission (BCSC) has acted to protect the investors of one BC-based cryptocurrency exchange while launching an investigation against a second. On October 31, 2019 the counsel representing the Vancouver-based Einstein Exchange (Einstein) had informed the BCSC that its client had planned…