OSC

Eddy Smart Home Solutions Ltd. Provides Bi-Weekly Status Report on Management Cease Trade Order

Retrieved on: 
Tuesday, May 16, 2023

TORONTO, May 16, 2023 (GLOBE NEWSWIRE) -- Eddy Smart Home Solutions Ltd. ("Eddy" or the "Company") (TSXV: EDY), is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).

Key Points: 
  • TORONTO, May 16, 2023 (GLOBE NEWSWIRE) -- Eddy Smart Home Solutions Ltd. ("Eddy" or the "Company") (TSXV: EDY), is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
  • The Company believes it will be able to file the Q1 2023 Filings by July 15, 2023.
  • The MCTO does not affect the ability of any other securityholders of the Company to trade securities of the Company.
  • The Company is working to complete the Annual Filing Documents and will continue to issue bi-weekly default status reports as required.

XTM Provides Update on Status of Financial Statements

Retrieved on: 
Tuesday, May 16, 2023

XTM Inc. ("XTM" or the "Corporation") (QB: XTMIF / CSE: PAID / FSE: 7XT) is providing an update to its previously announced management cease trade order (the "MCTO") granted by the Ontario Securities Commission (the “OSC”) under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").

Key Points: 
  • XTM Inc. ("XTM" or the "Corporation") (QB: XTMIF / CSE: PAID / FSE: 7XT) is providing an update to its previously announced management cease trade order (the "MCTO") granted by the Ontario Securities Commission (the “OSC”) under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").
  • The MCTO does not affect the ability of other shareholders to trade their securities.
  • The Corporation has not yet filed the Required Documents, however XTM is working diligently with its auditors and expects that the Required Documents will be filed as soon as possible.
  • The delay in filing the required documents is in connection with to a recent change of auditor for the Corporation and audit requirements resulting from increased transaction volume experienced by the Corporation.

First OSC TestLab report highlights perspectives on RegTech in Ontario's capital markets

Retrieved on: 
Tuesday, May 16, 2023

TORONTO, May 16, 2023 /CNW/ - The Ontario Securities Commission (OSC) today published its first report on OSC TestLab, the regulator's testing environment designed to promote innovation and modernize regulation in Ontario's capital markets.

Key Points: 
  • TORONTO, May 16, 2023 /CNW/ - The Ontario Securities Commission (OSC) today published its first report on OSC TestLab, the regulator's testing environment designed to promote innovation and modernize regulation in Ontario's capital markets.
  • The report highlights challenges and opportunities for businesses and regulatory technology (RegTech) providers trying to innovate in our capital markets.
  • "The OSC is committed to promoting innovation and driving progress in our capital markets," said Grant Vingoe, CEO of the OSC.
  • For updates on OSC TestLab and other initiatives aimed at supporting innovation in Ontario's capital markets, follow the OSC Innovation Office's LinkedIn and Twitter .

Titan Medical Provides Bi-Weekly MCTO Status Update

Retrieved on: 
Monday, May 15, 2023

TORONTO, Ontario, May 15, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).

Key Points: 
  • TORONTO, Ontario, May 15, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
  • The MCTO was granted by the OSC on April 3, 2023.
  • The MCTO does not affect the ability of shareholders who are not named in the MCTO to trade their securities.
  • The Company has previously disclosed that it intends to file the Annual Filing Documents by May 19, 2023.

KHIRON LIFE SCIENCES ANNOUNCES CEASE TRADE ORDER

Retrieved on: 
Saturday, May 6, 2023

The OSC does not view the Company as having met all of the eligibility criteria for the MCTO set out in National Policy 12-203 – Management Cease Trade Orders, and as a result, has issued a failure-to-file cease trade order (the "CTO") pursuant to National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions for the failure to file the Annual Filings by the Filing Deadline.

Key Points: 
  • The OSC does not view the Company as having met all of the eligibility criteria for the MCTO set out in National Policy 12-203 – Management Cease Trade Orders, and as a result, has issued a failure-to-file cease trade order (the "CTO") pursuant to National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions for the failure to file the Annual Filings by the Filing Deadline.
  • The Company's CFO, Mr. Michael O'Connor, has begun transitioning into the role and is working with the Company's appointed auditors to complete the Annual Filings as soon as possible.
  • The Company will issue a further news release once the Annual Filings have been made.
  • There is no assurance that the Company will be able to remedy its filing default and have the CTO revoked in a timely manner or at all.

XTM Granted Management Cease Trade Order

Retrieved on: 
Thursday, May 4, 2023

XTM Inc. ("XTM" or the "Corporation") (QB: XTMIF / CSE: PAID / FSE: 7XT) announced today that a management cease trade order ("MCTO") has been granted by the Ontario Securities Commission (the "OSC") related to it not meeting its filing deadline for its audited annual financial statements, management's discussion and analysis and related certifications for the financial year ended December 31, 2022 (collectively, the "Issuer Statements"), as required under applicable Canadian securities laws.

Key Points: 
  • XTM Inc. ("XTM" or the "Corporation") (QB: XTMIF / CSE: PAID / FSE: 7XT) announced today that a management cease trade order ("MCTO") has been granted by the Ontario Securities Commission (the "OSC") related to it not meeting its filing deadline for its audited annual financial statements, management's discussion and analysis and related certifications for the financial year ended December 31, 2022 (collectively, the "Issuer Statements"), as required under applicable Canadian securities laws.
  • In connection with the Corporation's expectation that it would be unable to file the Issuer Statements on time, the Corporation applied for an MCTO under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") as disclosed in the Corporation's news release dated April 25, 2023.
  • On May 2, 2023, the OSC, as the Corporation's principal regulator, granted the Corporation's application for the MCTO.
  • The MCTO does not affect the ability of shareholders to trade their securities and the general investing public will continue to be able to trade in the Corporation's common shares.

Eddy Smart Home Solutions Ltd. Provides Bi-Weekly Status on Management Cease Trade Order

Retrieved on: 
Wednesday, May 3, 2023

TORONTO, May 03, 2023 (GLOBE NEWSWIRE) -- Eddy Smart Home Solutions Ltd. ("Eddy" or the "Company") (TSXV: EDY), is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).

Key Points: 
  • TORONTO, May 03, 2023 (GLOBE NEWSWIRE) -- Eddy Smart Home Solutions Ltd. ("Eddy" or the "Company") (TSXV: EDY), is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
  • The MCTO prohibits the Company’s Chief Executive Officer, Chief Financial Officer, and such other directors, officers and persons as determined by the applicable regulatory authorities, from trading, directly or indirectly, in the securities of the Company.
  • The MCTO does not affect the ability of any other securityholders of the Company to trade securities of the Company.
  • The Company is working to complete the Annual Filing Documents and will continue to issue bi-weekly default status reports as required.

OSC investor warnings and alerts for April 11-May 2, 2023

Retrieved on: 
Tuesday, May 2, 2023

TORONTO, May 2, 2023 /CNW/ - The Ontario Securities Commission (OSC) is warning Ontario investors that the following companies are not registered to deal or advise in securities in Ontario:

Key Points: 

TORONTO, May 2, 2023 /CNW/ - The Ontario Securities Commission (OSC) is warning Ontario investors that the following companies are not registered to deal or advise in securities in Ontario:

Titan Medical Provides Bi-Weekly MCTO Status Update

Retrieved on: 
Monday, May 1, 2023

TORONTO, Ontario, May 01, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).

Key Points: 
  • TORONTO, Ontario, May 01, 2023 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD; OTC: TMDIF) is providing a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
  • The MCTO was granted by the OSC on April 3, 2023.
  • The MCTO does not affect the ability of shareholders who are not named in the MCTO to trade their securities.
  • The Company will continue to issue bi-weekly default status reports as required.

Adopting NIST SP 800-171 Saved Us From Losing a $900M IDIQ Contract

Retrieved on: 
Wednesday, April 19, 2023

COLUMBIA, Md., April 19, 2023 /PRNewswire-PRWeb/ -- Healthcare Resolution Services wants to stress how vital it is for all organizations that contract with the DoD to verify that they meet compliance for both FAR 52.204-21 and DFARS 252.204-7012, which have been in place since 2017. Failure to do so will lead to the loss of active and scheduled contracts. HCRS doesn't make this claim lightly. They experienced this concern roughly a year ago when the Defense Health Agency (DHA) notified them to submit a basic NIST SP 800-171 DoD assessment in the Supplier Performance Risk System (SPRS) for all covered contractor information systems, or DHA would not exercise the option years. This meant a potential loss of a $900-million IDIQ contract. Here's what HCRS learned from the experience.

Key Points: 
  • HCRS shares their firsthand experience with preparing for the NIST SP 800-171 (nist.gov) requirements and Cybersecurity Maturity Model Certification (CMMC).
  • Relying on untrained and unprepared resources almost cost them a substantial contract.
  • This meant a potential loss of a $900-million IDIQ contract.
  • "It's one of the worst wakeup calls you can ever have, and I was left flabbergasted.