by Janny Cho | Sep 27, 2017
On March 7, 2017, Bill 101, Enhancing Shareholders Rights Act, 2017, was introduced in the Legislative Assembly of Ontario for amending the Business Corporations Act (Ontario) (“OBCA”). Bill 101 received second reading on March 9, 2017. Bill 101 propositions include:...
by Barbara Hendrickson | Sep 27, 2017
On April 4, 2017, the Canadian Securities Administrators (CSA) published for comment Proposed National Instrument 93-101 Derivatives: Business Conduct (“Proposed Instrument”) and a related proposed companion policy, 93-101 Derivatives: Business Conduct (“Proposed...
by Barbara Hendrickson | Sep 27, 2017
Introduction Mortgage investment corporations (“MICs”) are created under section 130.1 of the Income Tax Act which sets out the rules that apply to mortgage investment corporations and their shareholders. MICs primarily invest in mortgages including commercial,...
by Barbara Hendrickson | Sep 20, 2017
On September 6th, 2017 the British Columbia Securities Commission (“BCSC”) announced the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments. The BCSC has granted First Block Capital Inc. registration as an...
by Barbara Hendrickson | Sep 9, 2017
In late July 2017, the Canadian Securities Administrators (CSA) published the final amendments (the Amendments) to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) and National Instrument 33-109...
by Barbara Hendrickson | Sep 4, 2017
On August 24, 2017, the Canadian Securities Administrators (“CSA”) published CSA Staff Notice 46-307 Cryptocurrency Offerings (“Notice”), to address the increasing number of cryptocurrency offerings, either through Initial Token Offerings (“ITOs”) or Initial Coin...
by Barbara Hendrickson | Aug 28, 2017
On July 14, 2017 the Ontario Securities Commission (“OSC”) published its 278-page decision respecting Sino-Forest. The panel found that the respondents, former CEO Allan Chan and three other executives of Sino-Forest Corporation – Alfred Hung, George Ho and Albert Ip...
by Barbara Hendrickson | Aug 19, 2017
On July 29, 2017, the securities regulatory authorities in Ontario, Québec, Alberta, Manitoba and New Brunswick (the participating jurisdictions) published CSA Multilateral Staff Notice 61-302 Staff Review and Commentary on Multilateral Instrument 61-101 Protection of...
by Barbara Hendrickson | Aug 16, 2017
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by Barbara Hendrickson | Aug 3, 2017
On July 13, 2017, the Canadian Securities Administrators (“CSA”) published CSA Staff Notice CSA 33-320, The Requirement for True and Complete Applications for Registration to state its concern to stakeholders regarding what it calls the “serious problem” of...
