The Canadian Securities Administrators (CSA) has published CSA Staff Notice 25-310 2022 Annual Activities Report on the Oversight of Self-Regulatory Organizations (SROs) and Investor Protection Funds (IPFs) (The Annual Report). The Annual Report summarizes key information, activities, and observations related to CSA oversight of the…
The Canadian Securities Administrators (CSA) recently announced in of CSA Staff Notice 21-332 (the Staff Notice) a change in the Pre-Registration Undertaking (PRU) that certain unregistered crypto asset trading platforms have filed a with their principal regulator. The failure of several recent high-profile crypto platforms,…
The Canadian Securities Administrators (CSA) are publishing for a 90-day comment period ending July 12, 2023 its amendments (the Proposed Amendments) to Corporate Governance Disclosure. In particular: proposed amendments to Form 58-101F1 Corporate Governance Disclosure (Form 58-101F1) of National Instrument 58-101 Disclosure of Corporate Governance…
The New Self-Regulatory Organization of Canada (New SRO), is seeking to become a credential providing organization for financial advisors under FSRA’s Financial Professionals Title Protection Framework. The New SRO, launched in January 2023, is the result of the merger of the Investment Industry Regulatory Organization…
The Ontario Securities Commission (OSC) has approved significant changes (the “Amendments”) to the Listing Policies and Forms of the Canadian Securities Exchange (CSE). It has published The Amendments as Canadian Securities Exchange – Amendments to CSE Listing Policies – Notice of Approval and Summary of…
Proposed Regulations (the Proposed Regulations) under the Retail Payment Activities Act (RPAA) have been released for public comment for a period ending March 28, 2023. The RPAA, which received Royal Assent in June, 2021 and the proposed Regulations introduce a new retail payment supervisory regime…
Proposed Amendments (The Proposed Amendments) to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) will affect non-bank mortgage lenders, making them subject to the legislation. Announced in early February, The Proposed Amendments ensure that non-bank mortgage lenders will receive proper supervision under…
Please join Barbara Hendrickson of BAX Securities Law (www.baxsecuritieslaw.com) and Addison Cameron-Huff (www.cameronhuff.com) on March 3, 2023, at 1:00 ET for a seminar on the most recent notice from the Canadian Securities Administrators (CSA) – Staff Notice 21-332 Crypto Asset Trading Platforms: Changes to Enhance…
On February 22, 20233, the Canadian Securities Administrators (CSA) published Staff Notice 21-332, Crypto Asset Trading Platforms: Pre-Registration Undertakings Changes to Enhance Canadian Investor Protection (Staff Notice 21-332). Staff Notice 21-332 follows the CSA’s December 12, 2022 update regarding crypto trading platforms. Staff Notice 21-332…
BAX Securities Law is pleased to announce that it has been listed on the Ontario Security Commission (OSC) Beta Innovation Office Directory. The Directory, developed by the OSC Innovation Office, connects experienced law firms with the start-up and innovation community. BAX Securities Law is proud…