Canadian securities regulation

Canadian securities regulators propose rule regarding non-GAAP and other financial measures

Retrieved on:

Thursday, September 6, 2018

Economy, Canadian Securities Administrators, Canadian securities regulation, Prospectus, GAAP, Generally Accepted Accounting Principles, Accounting, SEC filings, United States securities law, U.S. Securities and Exchange Commission, United States Generally Accepted Accounting Principles, Financial Accounting Standards Board

CALGARY and MONTREAL, Sept. 6, 2018 /CNW/ -The Canadian Securities Administrators (CSA) today published for comment Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the Proposed Instrument), which establishes disclosure requirements for issuers that disclose non-GAAP and other financial measures.

Key Points:

CALGARY and MONTREAL, Sept. 6, 2018 /CNW/ -The Canadian Securities Administrators (CSA) today published for comment Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the Proposed Instrument), which establishes disclosure requirements for issuers that disclose non-GAAP and other financial measures.
When implemented, the Proposed Instrument will provide authoritative Canadian securities legislative requirements for issuers when they disclose non-GAAP and other financial measures.
relates to the disclosure of financial measures (including ratios) that are non-GAAP financial measures, segment measures, capital management measures and supplementary financial measures, as defined in the Proposed Instrument;
refers to all documents (e.g., Management's Discussion and Analysis, news releases, the Annual Information Form, prospectuses etc.)
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

OSC Announces Roundtable Agenda on Derivatives Registration and Business Conduct Regimes

Retrieved on:

Tuesday, August 21, 2018

Government of Canada, Canadian Securities Administrators, Canadian securities regulation, Ontario Securities Commission, Securities commission, Security, Finance, Money

TORONTO, Aug. 21, 2018 /CNW/ - The Ontario Securities Commission (OSC) today announced details for an upcoming roundtable it will host as part of the Canadian Securities Administrators (CSA)'s ongoing consultation process on the proposed derivatives registration and business conduct regimes.

Key Points:

TORONTO, Aug. 21, 2018 /CNW/ - The Ontario Securities Commission (OSC) today announced details for an upcoming roundtable it will host as part of the Canadian Securities Administrators (CSA)'s ongoing consultation process on the proposed derivatives registration and business conduct regimes.
The roundtable will take place on September 20, 2018, from 9:00 a.m. to 12:00 p.m. at the Globe and Mail Centre, located at 351 King Street East in Toronto, Ontario.
The event will include three panel discussions: one on business conduct for institutional and retail markets; a second on registration for advisors, dealers and retail markets; and a third on registration for financial institutions (federally and provincially regulated).
Any interested parties wishing to attend the roundtable should register online by visiting the OSC's website.

ASC panel dismisses application for Interim Orders against Marc Culver Cohodes

Retrieved on:

Thursday, August 16, 2018

Government of Canada, Alberta Securities Commission, Canadian Securities Administrators, Canadian securities regulation, Securities commission, Financial regulation

CALGARY, Aug. 15, 2018 /CNW/ - Following a hearing, an Alberta Securities Commission (ASC) panel has dismissed an application for interim orders, including a cease trade order, against Marc Culver Cohodes.

Key Points:

CALGARY, Aug. 15, 2018 /CNW/ - Following a hearing, an Alberta Securities Commission (ASC) panel has dismissed an application for interim orders, including a cease trade order, against Marc Culver Cohodes.
The ASC panel will issue its decision, with reasons, in writing at a later date.
The ASC is the regulatory agency responsible for administering the province's securities laws.
As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

ASC seeks Interim Cease Trade Order against Marc Culver Cohodes

Retrieved on:

Thursday, August 9, 2018

Government of Canada, Alberta Securities Commission, Canadian Securities Administrators, Badger Daylighting, Canadian securities regulation, Securities commission, Calgary, Alberta

CALGARY, Aug. 9, 2018 /CNW/ -The Alberta Securities Commission (ASC) has issued a Notice of Application against Marc Culver Cohodes, seeking an interim order that Cohodes cease trading in securities of Badger Daylighting Ltd. (Badger) and be prohibited from disseminating to the public any statements relating to Badger that he knows or reasonably ought to know are misleading or untrue.

Key Points:

CALGARY, Aug. 9, 2018 /CNW/ -The Alberta Securities Commission (ASC) has issued a Notice of Application against Marc Culver Cohodes, seeking an interim order that Cohodes cease trading in securities of Badger Daylighting Ltd. (Badger) and be prohibited from disseminating to the public any statements relating to Badger that he knows or reasonably ought to know are misleading or untrue.
The application is scheduled to be heard on August 15, 2018 at 9:00 a.m. in the ASC Hearing Room on the 5th floor, 250 5 Street SW, Calgary, Alberta.
The ASC is the regulatory agency responsible for administering the province's securities laws.
As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Investor Alert: ASC warns public about investoneforme

Retrieved on:

Tuesday, August 7, 2018

Government of Canada, Alberta Securities Commission, Canadian Securities Administrators, Canadian securities regulation, Finance, Securities commission, Security, Economy, United States securities law

CALGARY, Aug. 7, 2018 /CNW/ -The Alberta Securities Commission (ASC) is warning Alberta investors to exercise caution if solicited by investoneforme, a purported investment firm headquartered in Brazil.

Key Points:

CALGARY, Aug. 7, 2018 /CNW/ -The Alberta Securities Commission (ASC) is warning Alberta investors to exercise caution if solicited by investoneforme, a purported investment firm headquartered in Brazil.
The public should be aware that investoneforme is not registered to sell securities or derivatives in Alberta.
With limited exceptions, any firm or individual selling securities or derivatives to investors in Alberta must be registered with the ASC.
As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Canadian securities regulators highlight common deficiencies in issuers' continuous disclosure

Retrieved on:

Thursday, July 19, 2018

Canadian Securities Administrators, Canadian law, Regulatory compliance, Canadian securities regulation, CSA, Non-reporting issuer

TORONTO, July 19, 2018 /CNW/ - The Canadian Securities Administrators (CSA) today published Staff Notice 51-355 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2018 and March 31, 2017 , a biennial report that summarizes CSA staff's ongoing review of reporting issuers' (issuers) continuous disclosure and highlights common deficiencies and best practices.

Key Points:

TORONTO, July 19, 2018 /CNW/ - The Canadian Securities Administrators (CSA) today published Staff Notice 51-355 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2018 and March 31, 2017 , a biennial report that summarizes CSA staff's ongoing review of reporting issuers' (issuers) continuous disclosure and highlights common deficiencies and best practices.
The CSA's continuous disclosure review program assesses the compliance of issuers' continuous disclosure documents with securities law.
The program also aims to help issuers improve the completeness, quality and timeliness of their disclosure.
The CSA, the council of the securities regulators of Canada's provinces and territories, co- ordinates and harmonizes regulation for the Canadian capital markets.

Interim Cease Trade Order against Nicholas John Felgate Extended

Retrieved on:

Thursday, July 12, 2018

Government of Canada, Canadian Securities Administrators, Canadian securities regulation, Alberta Securities Commission, Stock market, Securities commission, Securities regulation in the United States, Security, Finance, U.S. Securities and Exchange Commission

CALGARY, July 12, 2018 /CNW/ - The Alberta Securities Commission (ASC) has extended the Interim Cease Trade Order that was issued March 16, 2018 against Nicholas John Felgate.

Key Points:

CALGARY, July 12, 2018 /CNW/ - The Alberta Securities Commission (ASC) has extended the Interim Cease Trade Order that was issued March 16, 2018 against Nicholas John Felgate.
The Extending Order prohibits Felgate from trading in all securities and from using any exemptions contained in Alberta securities laws.
The Extending Order is in effect until any proceeding initiated pursuant to the Act, including a trial in respect of an offence, is finally determined or otherwise concluded.
As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Canadian securities regulators publish MFDA oversight review report

Retrieved on:

Wednesday, July 4, 2018

Government of Canada, Economy, Finance, Canadian law, Mutual Fund Dealers Association, Canadian Securities Administrators, Canadian securities regulation, Alberta Securities Commission, Securities commission, Security, British Columbia Securities Commission, Non-reporting issuer

VANCOUVER, July 4, 2018 /CNW/ -The Canadian Securities Administrators (CSA) today released the Oversight Review Report of the Mutual Fund Dealers Association of Canada (MFDA).

Key Points:

VANCOUVER, July 4, 2018 /CNW/ -The Canadian Securities Administrators (CSA) today released the Oversight Review Report of the Mutual Fund Dealers Association of Canada (MFDA).
The MFDA is the national self-regulatory organization for the distribution side of the Canadian mutual fund industry.
On behalf of the CSA, the oversight review was conducted jointly by CSA staff of seven of the provincial securities regulators that recognize the MFDA: the Alberta Securities Commission, the British Columbia Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, the Financial and Consumer Services Commission of New Brunswick, the Manitoba Securities Commission, the Nova Scotia Securities Commission, and the Ontario Securities Commission.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

ASC alleges Lutheran Church program misled investors

Retrieved on:

Thursday, June 28, 2018

Government of Canada, Alberta Securities Commission, Canadian Securities Administrators, Canadian securities regulation, Securities commission

CALGARY, June 28, 2018 /CNW/ -The Alberta Securities Commission (ASC) has issued a Notice of Hearing against the Lutheran Church-Canada, the Alberta-British Columbia District (the District) and others in connection with a long-running investment program that collapsed into insolvency in early 2015.

Key Points:

CALGARY, June 28, 2018 /CNW/ -The Alberta Securities Commission (ASC) has issued a Notice of Hearing against the Lutheran Church-Canada, the Alberta-British Columbia District (the District) and others in connection with a long-running investment program that collapsed into insolvency in early 2015.
The ASC Notice of Hearing focuses on alleged breaches of Alberta securities laws, and is not intended to determine civil liability.
It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors.
As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

MFDA Strategic Plan (2018 - 2022) - Achieving Better Outcomes for Canadians

Retrieved on:

Tuesday, June 19, 2018

Economy, Finance, Money, Canadian law, Canadian securities regulation, Financial adviser, Canadian Securities Administrators, Investor, Mutual Fund Dealers Association

To assist in identifying priorities and areas of regulatory focus for the new Strategic Plan, the MFDA engaged in an extensive consultation process with a range of stakeholders including MFDA Members, MFDA staff and management, the MFDA Board of Directors, representatives of the Canadian Securities Administrators, industry and investor associations.

Key Points:

To assist in identifying priorities and areas of regulatory focus for the new Strategic Plan, the MFDA engaged in an extensive consultation process with a range of stakeholders including MFDA Members, MFDA staff and management, the MFDA Board of Directors, representatives of the Canadian Securities Administrators, industry and investor associations.
"The new MFDA Strategic Plan focuses on supporting Member innovation, strengthening collaboration with key stakeholders, enhancing Member and advisor education and assessing and updating regulatory standards and internal processes to ensure effective and efficient regulation that protects the investing public."
MFDA Members and their advisors manage approximately $700 billion in client assets and provide financial advice to nine million Canadian households.
The new Strategic Plan recognizes the importance of a regulatory compliant and diverse membership which benefits investors by providing choices in advisory services and investor access to quality advice.