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In its recent decision in AiT Advanced Information Technologies Corporation, the Ontario Securities Commission gives direction to target corporations for determining when a material change occurring during the course of negotiating a merger and acquisition transaction would trigger a disclosure obligation under Ontario securities law.

On November 4, 2021, the Office of the Superintendent of Financial Institutions ("OSFI") announced an immediate end to its COVID-19 pand

On May 26, 2022, following consultation with key industry stakeholders, the Office of the Superintendent of Financial Institutions ("OSFI") issued draft Guideline...

The Office of the Superintendent of Financial Institutions ("OSFI") has released a final version of revised Guideline B-6 – Liquidity Principles ("Guideline").

Last week, the Office of the Superintendent of Financial Institutions issued its final guideline on total loss absorbing capacity disclosure requirements for Canadian domestic systemically-important banks.

On March 31, 2021, the Basel Committee on Banking Supervision published the Principles for Operational Resilience, aiming to promote a principle-based approach to improving the operational resilience of banks, ...

The Canadian Securities Administrators have issued a notice which provides market participants with an update as to the status of the CSA’s earlier proposals with respect to internal control reporting requirements.

In our March 2009 Financial Services Update, we summarized the decision of the Ontario Superior Court of Justice in "The Bank of Nova Scotia v. Anthony R. Williamson", [2008] O.J. No. 4756 (the "Williamson Judgement"), in which the Court agreed with the Bank in holding that the limitation period for the principal debt and for the guarantee may commence at different times and that there is no requirement that demand must be made upon the guarantor and the principal debtor at the same time.

On April 26, 2009, the Minister of Finance released a consultation paper entitled Supporting Stable Financing – Consultations on Leasing seeking views on the potential merits of allowing banks and other federally regulated financial institutions to offer financial leasing for vehicles and household property.

The Global banking crisis in 2008 shook the foundations of the global banking community.

From time to time the Office of the Superintendent of Financial Institutions (Canada) issues rulings on how it applies or interprets provisions of the federal financial institutions legislation, regulations or guidelines.

The Office of the Superintendent of Financial Institutions (Canada) ("OSFI") has published a ruling that BLG obtained for one of its foreign bank clients that confirms that a Canadian entity that provides back office services to a foreign portfolio manager does not carry on a financial services business within the foreign bank regulation context (the "Ruling").

Following the financial crisis of 2008, harsher regulations governing financial institutions were implemented to mitigate future economic recessions.

While crypto-assets can provide many benefits to investors and consumers, they also create new risks for centralized banking systems and insurers.

On November 21, 2018, the Department of Finance Canada ("Finance") released the 2018 Fall Economic Statement (the "Statement").

In its March 2010 Budget, the Government of Canada signalled plans to create a legislative framework to enable credit unions to incorporate and continue their operations as federal entities.

The Canadian Securities Administrators have adopted a uniform final version of their proposed corporate governance disclosure rule, known as National Instrument 58-10 and the associated National Policy 58-201.