On July 14th, 2016, the Ontario Securities Commission (“OSC”) introduced OSC Policy 15-601, the Whistleblower Program (“Program”) which is designed to encourage individuals to report information on serious securities or derivatives related misconduct to the OSC, or where appropriate in the circumstances, through an internal…
July 23, 2016Ontario Securities Commission Issues Request for Comment on Proposed Changes for Distributions Outside of CanadaOn June 30th, 2016, the Ontario Securities Commission (OSC) issued proposed OSC Rule 72-503 – Distributions Outside of Canada and Proposed Companion Policy 72-503CP, Distributions Outside of Canada (“Proposed…
The Securities Committee of the Canadian Bar Association, of which Barbara Hendrickson is the co-chair, filed their comments on the latest version of the Capital Markets Stability Act.Read more here: PDF
Episode D: The Toronto Business Lawyers Association, Interview with Barbara HendricksonBarbara is is the CEO and Founder of BAX Securities Law and discusses an organization that promotes referrals between lawyers at small firms.Visit the Hassell Tribal Counsel podcast site
http://business.financialpost.com/legal-post/mitch-kowalski-why-small-is-beautiful-for-exchanging-ideas-tips-and-experiences
Canadian Securities Laws Proposed CSA Proxy Voting Protocols, May 29, 2016On March 31, 2016, the Canadian Securities Administrators (CSA) published for comment CSA Multilateral Staff Notice 54-304 Final Report on Review of the Proxy Voting Infrastructure and Request for Comments on Proposed Meeting VoteReconciliation Protocols…
Canadian Securities LawsRegistration Reform – the CSA publishes the proposals for a “Best Interests” Standard, April 28, 2016On April 28, 2016, the Canadian Securities Regulators (CSA) published CSA Consultation Paper 33-404 Proposals to Enhance the Obligations of Advisers, Dealers and Representatives Toward Their Clients (“CSA…
“Around the globe, initiatives to price carbon, including cap-and-trade systems, are proliferating at a rapid pace. The shifting evolution of carbon markets, including potential new markets, market mechanisms, and market participants is occurring at an almost dizzying rate, including across Canada.”The Environmental Finance Advisory Committee…
With the amendments to National Instrument 45-106, Prospectus Exemptions, the Canadian Securities Administrators (CSA) are introducing a new harmonized reporting structure (the New Reports) for exempt distributions, effective June 30, 2016 (subject to ministerial approval). The CSA is also making changes to Companion Policy 45-106,…
In the wake of announcing enforcement settlement agreements with mortgage investment entities (MIEs), mortgage brokers, administrators, and their principals involved in trading securities without registration contrary to the Securities Act (Ontario), the Ontario Securities Commission (OSC) issued a stern reminder for MIEs.The OSC took the…