ArticleCRM Phase II Begins To Take Effect On July 15, 2014A reminder that the first stage of CRM2 takes effect July 15, 2014.CanadaCorporate/Commercial LawBorden Ladner Gervais LLP
ArticleCSA Adopting Client Reporting RequirementsThe Canadian Securities Administrators today announced the adoption of amendments to National Instrument 31-103 "Registration Requirements, Exemptions and Ongoing Registrant Obligations" and its Companion Policy.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Defers Launch Of SEDAR+While the launch of SEDAR+ has been delayed, the CSA opted to keep the pre-launch onboarding window closed.CanadaCorporate/Commercial LawBorden Ladner Gervais LLP
ArticleCSA Extend Comment Period Regarding Proxy Advisory Firm RegulationThe CSA announced last week that it is extending the comment period associated with its consultation paper concerning the regulation of proxy advisory firms.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Issue Cyber Security RecommendationsThe Canadian Securities Administrators yesterday issued a staff notice recommending that issuers, registrants and regulated entities consider the risks of cyber crime and take steps to address cyber security risks. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Oversight Mous Regarding CIPF And MFDA IPC Come Into EffectOn January 1, an amended Memorandum of Understanding among the Canadian Securities Administrators (CSA) came into effect concerning oversight of the Canadian Investor Protection Fund (CIPF).CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Proposal Would Mandate OBSI Dispute Resolution For All Registered Dealers And AdvisorsThe Canadian Securities Administrators today published for comment proposed amendments to NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and its companion policy that would require registered dealers and advisers outside Quebec to make the services of the Ombudsman for Banking Services and Investments available to clients to satisfy their obligations regarding offering independent dispute resolution or mediation services.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Propose Amendments To Marketplace Operation And Trading RulesThe CSA published for comment proposed amendments to marketplace operations and trading rules intended to update the rules in light of recent developments.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Proposes Enhancements To Oil And Gas DisclosureThe Canadian Securities Administrators yesterday proposed amendments to NI 51-101 Standards of Disclosure for Oil and Gas Activities intended to enhance the consistency and quality of issuers' disclosure of oil and gas activities, while increasing flexibility for issuers.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Provide Guidance For Advising Representative ApplicantsThe Canadian Securities Administrators released a staff notice last week that provides prospective Advising Representatives and Associate Advising Representatives with guidance regarding the relevant investment management experience required to qualify for registration. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Provide Guidance In Respect Of New Client Reporting RequirementsThe CSA published a list of frequently asked questions, related responses and additional guidance.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Publish Model Derivatives RulesThe Canadian Securities Administrators yesterday published for comment model provincial rules to introduce a framework for the regulation of derivatives across Canada. Specifically, the model rules would set out the scope of derivatives products and provide for regulations respecting trade repositories and derivatives data reporting. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Publish Proposed Amendments To Client ReportingThe Canadian Securities Administrators today published a revised set of proposed amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations as well as its Companion Policy to set out requirements for reporting to clients with respect to investment charges, investment performance and client statements.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Release IIROC Oversight Review ReportThe Canadian Securities Administrators today released a report outlining the findings of an oversight review of IIROC's activities. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA To Propose Guidance On Proxy Advisory Firm Best Practices In Q1 2014The CSA today released an update on their consultation process regarding the potential regulation of proxy advisory firms. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Update Proposals Regarding Fund Facts DeliveryThe CSA today published for a second time proposed amendments to NI 81-101 Mutual Fund Prospectus Disclosure regarding the delivery of Fund Facts following the purchase of a mutual fund. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Will Not Extend NI 21-101 Debt Transparency ExemptionsCSA plan to publish for comment a proposed framework for mandatory post-trade transparency of trades in government debt securities in the first quarter of 2018.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleCSA Withdraw Certain Staff Notices And Revoke Certain Omnibus/Blanket OrdersThe Canadian Securities Administrators (CSA) recently published CSA Staff Notice 11-329 Withdrawal of Notices and Revocation of Omnibus/Blanket Orders. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleDisclosure Matters: Majority Voting Policy – Management Information Circular Disclosure For TSX Listed IssuersIn connection with a securityholder meeting at which directors are to be elected, TSX listed issuers are required to disclose in their management information circular whether they have adopted a majority voting policy for uncontested meetings.CanadaCorporate/Commercial LawCassels