On October 16, 2014, the Canadian Securities Administrators published amendments to National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations and related instruments. The amendments include a number of significant changes, particularly for firms registered as exempt market dealers and for firms that rely on both registrations and registration exemptions.
17 oct 2014
In recognition of the critical role of compliance programs and training in competition law risk management, the Competition Bureau has issued for comment an updated draft of its Corporate Compliance Programs Bulletin. The Draft Bulletin outlines the Bureau’s high expectation that Canadian businesses proactively foster a culture of compliance within their organizations and dedicate significant resources to managing their competition law risk.
16 oct 2014
In June 2013, Prime Minister Harper announced that within two years the federal government would establish mandatory reporting standards for Canadian extractive companies to enhance transparency on the payments they make to governments. This Update outlines the current status of Canadian resource revenue reporting.
15 oct 2014
New disclosure rules regarding the representation of women on the boards and in senior management of public companies, and director term limits, will come into effect December 31, 2014. Disclosure will be required for management information circulars filed following an issuer's financial year ending on or after December 31, 2014.
15 oct 2014
The Canadian Securities Administrators (CSA) have provided an update on their proposed changes to the early warning reporting regime (the Draft Amendments), which were originally published for comment in March 2013 and summarized in a previous Osler Update.
10 oct 2014
Le 26 septembre 2014, le gouvernement canadien et l'Union européenne (l'UE) ont publié le texte juridique de l'Accord économique et commercial global (AECG) entre le Canada et l’Union européenne, qui modernise les règles sur les questions qui touchent au commerce et qui crée de nouvelles possibilités dans les domaines des marchés publics et des investissements étrangers.
7 oct 2014
Le 1er octobre 2014, un nouvel accord sur la promotion et la protection des investissements étrangers (APIE) entre le Canada et la Chine est entré en vigueur. Ce traité en matière d'investissement est l'aboutissement d'un long processus caractérisé par de lentes négociations et une mise en œuvre reportée, qui s'est échelonné sur plus de dix ans.
6 oct 2014
Effective October 31, 2014, provincial rules in Ontario, Québec and Manitoba will require derivatives dealers and clearing agencies to report OTC derivatives transactions that involve “local counterparties” in the three provinces. This is a reminder for all clients that trade OTC derivatives that if you are a local counterparty, or trade with a local counterparty, there are steps that you need to take to be ready for trade reporting.
3 oct 2014
Le 19 septembre 2014, le Bureau de décision et de révision a accueilli la demande de l’Autorité des marchés financiers pour l’imposition d’une pénalité administrative de 9 000 $ à l’encontre de Jacques Gauthier, président et chef du conseil d’administration de AAER inc., lorsque sont survenus les faits en litige.
Le 1er octobre 2014
Patent litigation settlement agreements took centre stage in a speech by the Commissioner of Competition and related White Paper – Patent Litigation Settlement Agreements: A Canadian Perspective – issued by the Competition Bureau on September 23, 2014. This is the most detailed guidance provided by the Bureau regarding the application of the Competition Act to patent litigation settlement agreements in the pharmaceutical industry.
30 sept 2014