Participating members of the Canadian Securities Administrators (CSA) will be issuing exemptions from certain filing requirements (the blanket orders) to cover the brief period before the System for Electronic Document Analysis and Retrieval (SEDAR) will be switched to a new centralized system, SEDAR+. The blanket…
The Canadian Securities Administrators (CSA) has published CSA Staff Notice 81-336 Guidance on Crypto Asset Investment Funds that are Reporting Issuers (the Staff Notice), which provides guidance to help fund managers understand and comply with securities law requirements for public investment funds holding crypto assets…
The House of Commons Standing Committee on Science and Technology has issued its report, Blockchain Technology: Cryptocurrencies and Beyond. The 62-page report examines the ways that blockchain technology is already changing the digital landscape and providing significant economic benefits, while also expressing optimism that greater…
The Canadian Securities Administrators (CSA) has welcomed two new developments in the field of Climate-Related Disclosure. The first, on June 26th, is the publication by the International Sustainability Standards Board (ISSB)’s first two sustainability disclosure standards: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial…
BAX Securities Law is pleased to announce that Barbara Hendrickson has been appointed to a second two year term with the BCSC Fintech Advisory Forum. The Forum is made up of financial technology (fintech) industry professionals and experts and advises BCSC staff on fintech trends…
The Ontario Securities Commission (OSC) has published a report aimed at guiding public accounting firms to develop and implement robust internal ethical policies and procedures (OSC Staff Notice 52-724, Considerations for Public Accounting Firms in Developing Internal Ethics Policies and Procedures, the Staff Notice). The…
Participating members of the Canadian Securities Administrators (CSA) are issuing exemptions from certain filing requirements (the blanket orders) due to delays in the implementation of SEDAR+. The CSA now expects the launch date to be July 25, 2023, with a contingency date in September. In…
The Canadian Securities Administrators (CSA) have postponed the launch of SEDAR+ from June 13, 2023 to July 25, 2023. SEDAR+ is the new system that will be used by all market participants to file, disclose, and search for issuer information in Canada’s capital markets. CSA…
The Canadian Securities Administrators (CSA) have published CSA Staff Notice 45-330: Frequently Asked Questions about the Listed Issuer Financing Exemption (The Staff Notice). The Staff Notice answers some of the frequently asked questions (FAQs) on the listed issuer financing exemption (the exemption) adopted by all securities…
The Canadian Securities Administrators (CSA) is launching a review of the use of chargebacks in the mutual fund industry. The CSA is undertaking this review due to concerns about potential conflicts of interest associated with this practice. A chargeback involves an upfront commission paid directly…