The British Columbia government has declared the capital markets and its regulator, the British Columbia Securities Commission (BCSC), as essential services during the COVID-19 pandemic.
In addition to the BCSC, the province has specifically identified the following as part of the capital markets:
- self-regulatory organizations
- clearing agencies
- investment-fund dealers, advisers and managers.
The BCSC has clarified with the Ministry of Finance that all dealers and advisers, not just those involved with investment funds, are included as essential services.
Although these services are allowed to remain open, they must follow the orders and guidance provided by the Provincial Health Officer to ensure safe operations and reduce the risk of transmission of COVID-19.
For more information, please call Barbara Hendrickson at BAX Securities Law (416) 601 -1004.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.