The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) are reminding crypto trading platforms (CTPs) to ensure their operations comply with Canadian securities laws by prioritizing their applications for registration as investment dealers and membership with CIRO. Under the terms of Staff…
The British Columbia. Securities Commission (BCSC) is calling for changes to the federal Bankruptcy and Insolvency Act (the Act) after the Supreme Court of Canada ruled that some financial sanctions can be extinguished through the bankruptcy process. The Court, ruled in a 5-2 decision, that…
The Canadian Securities Administrators (CSA) has published a package of proposed amendments (the Proposed Amendments), including a proposal by the Canadian Securities Exchange (CSE) to establish a new senior tier of Venture Issuer (the Venture Issuer Tier) for review and comment for a 90-day period…
The Canadian Securities Administrators (CSA) recently published their 2023-2024 Year in Review (The Year in Review), which discussed the emerging cryptocurrency regulatory regime and enforcement actions the regulator undertook in crypto-related matters. Perhaps as a sign of the times, in 2023-2024, over half of the…
The Canadian Securities Administrators (CSA) has published final amendments (the Amendments) that streamline and harmonize over-the-counter (OTC) derivatives data reporting with global standards, which became effective on July 25, 2025. The Amendments are expected to reduce the complexity of market participants’ reporting systems and decrease…
The Financial Services Regulatory Authority of Ontario (FSRA) launched a public consultation for a period ending July 26, 2024, on proposed Rule 2024 – 002 – Total Cost Reporting (the Proposed Rules) that will affect how insurers report segregated fund investment products to clients. The…
On June 20, 2024, the securities regulatory authorities in Alberta, British Columbia, Nova Scotia, Ontario, Québec and Saskatchewan (the participating jurisdictions) published a temporary exemption from the restrictions set out in subsection 7.1(2) (d) of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations…
Toronto, June 7, 2024: BAX Securities Law is pleased to announce that the firm has resumed its sponsorship of the Toronto Business Lawyers Association (TBLA) networking and business development monthly meetings. Barbara Hendrickson, Managing Partner of BAX Securities Law, is pleased to invite friends and colleagues…
Time may have run out for the so-called ‘Crypto King’, Aiden Pleterski. Pleterski has been charged with one count of fraud over $5,000 under Section 380(1)(a) of the Criminal Code, and one count of laundering proceeds of Canadian crime Under Section 462.31(1)(a) of the Criminal…
BAX Securities Law was pleased to host to an old friend and colleague, Surakhbayar Galsan, LL.M, Founder and Managing Director of BlackRock Partners LLC (BRP). BRP is a leading consulting firm based in Ulaanbaatar, Mongolia, that deals in management and business consulting and new business development in…