The Ontario Securities Commission (OSC) announced today that its Mediation Program, which began as a pilot in 2015, will now continue on a permanent basis. The Mediation Program, the first and only of its kind in Canada offered by a securities regulator provides a forum…
*Article available in English and Chinese – Criminals often make the funds gained from their illegal activities appear legitimate by money laundering. In contrast, terrorist financing provides funds for terrorist activities, which may involve funds raised from legitimate and/or criminal sources. Canadian anti-money laundering legislations…
*Article available in English and Chinese – Companies can raise funds from investors by “going public. ̋ “Going public” means offering equity securities to the public. A distribution of securities must be qualified by a prospectus that is approved by the relevant securities regulators,…
*Article available in English and Chinese – The Competition Act is a federal statute administered and enforced by the Canadian Competition Bureau and the Public Prosecutions Service of Canada. The purpose of the Competition Act is to encourage competition in the Canadian marketplace, thereby benefiting…
*Article available in English and Chinese – The Investment Canada Act regulates non-Canadian investments in Canadian businesses, including reviewing significant non-Canadian investments in Canada in order to ensure net benefit to Canada and reviewing and blocking foreign investments that may be injurious to national security….
On April 5, 2018, the Canadian Securities Administrators (CSA) published CSA Staff Notice 51-354 Report on Climate change-related Disclosure Project (The Staff Notice). The Staff Notice summarizes the results of the CSA’s review of the disclosure by reporting issuers of the risks and financial impacts associated…
The Ontario Securities Commission (OSC) announced today it is investigating several cryptocurrency platforms after receiving a number of complaints. The OSC said that the platforms and any businesses that allow cryptocurrencies that are securities as defined under CSA Staff Notice 46-307 Cryptocurrency Offerings (the Staff…
On March 28 2018, in an effort to stop online fraud being carried out through its social networking service, Twitter began blocking all advertisements promoting Initial Token Offerings (ITOs). ITOs also referred to as an Initial Coin Offerings (ICOs), are similar to Initial Public Offerings…
On March 20 2018, the Ontario Securities Commission published OSC Staff Notice 11-779 Seniors Strategy (the Staff Notice), which outlined new initiatives to respond to the needs of older investors and better equip registered firms and representatives to address issues that may arise as their…
Barbara Hendrickson recently interviewed by Law Times on the topic of the skepticism around the plan of creating one national securities regulator. Read the full article here: A potential national securities regulator raises concerns