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…
The Ontario Securities Commission has granted limited-time approval to TokenGX Inc. (TokenGX or the Company) for the creation of a blockchain-based security token (token). TokenGX sought approval to create its blockchain-based security token trading platform (the Platform) through the OSC’s Launch Pad. The Company is…
The Ontario Securities Commission (OSC) has overturned a prior OSC ruling and has issued a receipt for the final prospectus of the Bitcoin Fund (the Fund). The Manager of the Fund (3iQ Corp.) announced in October 2018 that the Fund, had filed a non-offering prospectus…
The Canadian Securities Administrators (CSA), along with its participating jurisdictions, is conducting a review of Automatic Securities Disposition Plans (ASDPs). ASDPs allow insiders to carry out preplanned sales of securities of an issuer through an arms-length administrator, according to a predetermined set of instructions. The…