On February 21, 2019, the Canadian Securities Administrators (CSA) published CSA Staff Notice 45-324 Update on the Start-up Crowdfunding Registration and Prospectus Exemptions (CSA Staff Notice 45-324), providing an update on the progress of a proposed national instrument (the proposed National Instrument) that will replace…
On February 15, 2019, the British Columbia Securities Commission (BCSC) published a variation order (the Variation Order) for BC Instrument 21-502, Exemption from Certain Filing Requirements for Out-of-Province Alternative Trading Systems (BCI 21-502), removing the exemption for out-of-province alternative trading systems (ATS) from reporting change…
Barbara Hendrickson, of BAX Securities Law has announced her candidacy in the Law Society of Ontario’s (LSO) 2019 Bencher Election. The Benchers, who sit on the LSO’s Convocation, play a vital role in determining policy and guidance regarding Ontario’s lawyers and paralegals. Benchers also sit…
Barbara Hendrickson, CEO and Founder of BAX Securities Law, was recently interviewed by Antonio DiMinno, host of the Legal Entrepreneurs Podcast. Barbara speaks about her background in the public sector, working for the Ontario Securities Commission (OSC), and in the private sector, and her experiences…
The Canadian Securities Administrators (“CSA”) has published CSA Staff Notice 51-356, Problematic Promotional Activities by Issuers (“CSA Staff Notice 51-356”). CSA staff have noted with concern instances by activities by some issuers that include questionable promotional or disclosure campaigns. These extend to the providing of…
The death of Canadian crypto exchange QuadrigaCX CEO Gerald Cotton in December 2018 and the platform’s subsequent filing for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) on February 5th has left company officials struggling to locate roughly $180 million in missing cryptocurrency. Court…
With the granting of Royal Assent to Bill C-86 Budget Implementation Act, 2018, No. 2 (Bill C-86) on December 13th, 2018 changes are in store for how corporations maintain their records under the Canada Business Corporations Act (CBCA). Division 6 of Part 4 of Bill…
The British Columbia Securities Commission (BCSC) has published a new policy publication, BCN2019/01: Expiry of BC Instrument 32-517 Exemption from Dealer Registration Requirement for Trades in Securities of Mortgage Investment Entities and registration requirements for persons relying on BCI 32-517 (BCN2019/01). BCN2019/01 addresses the expiry…
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has published updated suspicious activity guidelines. FINTRAC is Canada’s financial intelligence unit and is tasked with the detection and prevention of money laundering and the financing of terrorist activities. The new, more concise guidelines include…
An article featuring an interview with Barbara Hedrickson, CEO of BAX Securities Law, regarding the November 2018 Supreme Court of Canada (SCC) decision on the constitutionality of Cooperative Capital Markets Regulatory System (CCMR) has been published on the website on the Canadian Bar Association (CBA)….