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ARTICLE · 24 JUNE 2019

OSC Update Re: Suppression Of Terrorism Notice

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On June 5, 2019, the OSC sent out a notice by means of a broadcast e-mail (the Notice) with respect to certain amendments regarding the STCS applicable to all registered firms, exempt dealers and exempt advisers.

CanadaGovernment, Public Sector
Garth J. Foster
Garth J. Foster
Ederlyn Magno
Ederlyn Magno
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On June 5, 2019, the Ontario Securities Commission (the OSC) sent out a notice by means of a broadcast e-mail (the Notice) with respect to certain amendments regarding the suppression of terrorism or Canadian sanctions (STCS) applicable to all registered firms, exempt dealers and exempt advisers (each a Firm).

Under Canadian federal law, Firms are required to file a monthly STCS report by the 14th day of each month (each a Monthly STCS Report) with their principal regulator in order to determine and disclose whether the Firm is in possession or control of property owned or controlled by or on behalf of an entity or person listed or designated in a particular federal provision (each a Designated Person).

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