The following article was published on the BC Securities Commission’s website on June 23, 2020. On June 23, 2020, the Canadian Securities Administrators (CSA) released its fiscal year 2019/20 Enforcement Report, which outlines how securities regulators are protecting investors and the integrity of Canada’s capital markets. Highlights from the fiscal year 2019/20 Enforcement Report include:…
The BC government introduced legislative amendments to the Securities Act (British Columbia) to improve the BC Securities Commission’s (the BCSC) ability to collect penalties as well as improve enforcement of white-collar investment offences. Bill 33, which lists the legislative amendments, was introduced to the legislative assembly on October 22, 2019 and had its first reading….
The BC Securities Commission published the following press release on June 26, 2019: The Canadian Securities Administrators (CSA) released its fiscal year 2018/2019 Enforcement Report, which outlines how securities regulators are protecting investors and the integrity of Canada’s capital markets. The report highlights the cross-jurisdictional collaboration and investments in technology that have enabled CSA members…
On May 2, 2019 the Canadian Securities Administrators (“CSA”) published a CSA Notice and Request for Comment introducing the National Systems Renewal Program (“NSPR”) aimed at developing a new centralized information technology system (the “Renewed System”) to replace various local records filing systems, as well as the System for Electronic Development Analysis and Retrieval (“SEDAR”),…
I initially wrote the below article on March 19, 2014. On August 18, 2018, the securities regulatory authorities of British Columbia, Manitoba, Nunavut, the Northwest Territories, and Yukon (the “participating jurisdictions”) announced that they will revoke their local orders that form the “Northwestern Exemption”. Alberta and Saskatchewan are still considering whether to revoke their local…
If you haven’t already heard, the securities regulatory authorities of British Columbia, Manitoba, Nunavut, the Northwest Territories, and Yukon (the participating jurisdictions) announced that they will revoke their substantially harmonized registration exemptions that form the “Northwestern Exemption” (the local orders). This announcement was made in Multilateral CSA Notice 32-302 (the Notice) Notice of Revocation for…
Mike Caswell posted the following article on April 20, 2018 on Stockwatch. He summarizes the findings of the Court of Appeal decision of Davis v. British Columbia (Securities Commission), 2018 BCCA 149. My colleague, Patricia Taylor and I argued this case in the Court of Appeal. The B.C. Securities Commission must be gentler with its…
The Pacific Capital Markets Association published this article called, “How Bitcoin is revolutionizing the investment space” on November 20, 2017. The article provides an overview of Bitcoin’s history, investing in Bitcoin and its safety. This article contains general information only and is not intended to provide a legal opinion or advice. Please consult a…
The BC Securities Commission posted the below press release on its website on September 6, 2017. It announces the the first registration allowing the operation of a bitcoin investment fund. The British Columbia Securities Commission (BCSC) announced the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments. The BCSC has…
The Advocate Daily recently published this news release entitled, “Regulatory settlement not enough to determine liability in civil proceeding” by Kim Duong, a Toronto insurance lawyer. In this case, the plaintiffs tried to argue that a settlement, which one of the defendants entered into with the Mutual Fund Dealers Association of Canada, should be used…