The Lawyer’s Daily, spoke to Barbara Hendrickson of BAX Securities Law and other firms with strong technology practices about what their predictions were for the upcoming year in legal tech. Here’s the link to the article that includes Barbara’s comments and predictions on blockchain as…
On November 28, 2017, the Ontario Securities Commission (OSC) adopted its final rule regarding distributions outside Canada, OSC Rule 72-503 – Distributions Outside Canada (The Final Rule), including Form 72-503F Report of Distributions Outside Canada (The Final Form), and Companion Policy 72-503 Distributions Outside Canada…
On December 14, 2017, the Competition Bureau (the Bureau) published the final draft of its examination of Canada’s Fintech markets, Technology-Led Innovation in the Canadian Financial Services Sector, A Market Study, December 2017. The report is very similar to the draft report issued for comment…
Effective December 15, 2017, the securities regulators in the participating jurisdictions of British Columbia, Alberta, Saskatchewan, New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador, Yukon, Northwest Territories, and Nunavut (the Participating Jurisdictions) announced they are each varying, amending, or revoking and replacing, in…
On December 14, 2017, the Canadian Securities Administrators (CSA) issued CSA Staff Notice 23-320, Consideration of the Markets in Financial Instruments Directive (MiFID II) Unbundling Requirements on the Regulatory Requirements in Canada (Staff Notice 23-320), regarding the unbundling of research inducements from trading fees under…
On December 7, 2018, the Canadian Securities Administrators (CSA), the Investment Industry Regulatory Organization of Canada (IIROC), and the Mutual Fund Dealers Association of Canada (MFDA) (the regulators) jointly released CSA Staff Notice 31-351, IIROC Notice 17-0229, MFDA Bulletin #0736-M Complying with requirements regarding the…
In January 2017, the Canadian Securities Administrators (the “CSA”) published CSA Multilateral Staff Notice 51-347: Disclosure of Cyber Security Risks and Incidents (the “Staff Notice”), the findings of a review of the disclosure provided by the constituents of the S&P/TSX Composite Index regarding cyber security…
On October 5, 2017, the participating jurisdictions of the securities regulatory authorities of all provinces with the exceptions of British Columbia and PEI (the “Participating Jurisdictions”) published a review (the Staff Notice) of disclosure regarding women on boards and in executive officer positions. The Staff…
On November 17, 2017, the Ontario Government released its 2017 Ontario Economic and Fiscal Review (the Review). The Review contains advance notice of two important forthcoming changes for the securities industry in Ontario. First, it confirmed that the province is moving forward with regulatory changes…
Pressure is continuing to grow on Canadian companies to disclose the risks associated with climate change. In late October, 2017, thirty Canadian and international financial institutions and pension funds representing approximately CAD $1.2 trillion in assets under management, issued a joint Declaration of Institutional Investors…