Regulatory Investigations Regulatory Investigations

Competition Bureau releases updated guidance on enforcement approach to property controls

The CPC Guidance published by the Competition Bureau advocates that firms use property controls only where justified.

Businesses face increasing costs for supply chain compliance

Increasing government scrutiny of supply chain compliance is expected to lead to greater enforcement in the coming years.

SEC wins novel ‘shadow trading’ trial against biopharma executive

A novel theory of insider trading known as “shadow trading” involves the use of material non-public information about a reporting issuer...

Duty of procedural fairness that would be owed to witnesses in issuing summonses under the Securities Act is minimal

A recent British Columbia Court of Appeal decision confirmed that, amongst the very limited avenues that witnesses have to challenge a regulatory...

More complaints and more investigations: highlights from CIRO’s inaugural Enforcement Report

The Canadian Investment Regulatory Organization released a report on its enforcement activities for its first year of operations. Lawrence Ritchie,...

Recent criticism of corruption enforcement and calls for a ‘failure to prevent’ offence in Canada

Following similar criticism from the OECD, a recent Transparency International Canada white paper highlights shortcomings in Canada’s...

Ontario Superior Court provides guidance on the bribery offence under the CFPOA

Enforcement proceedings under Canada’s Corruption of Foreign Public Officials Act have been relatively infrequent. A recent Ontario decision...

B.C. Supreme Court rules that firms cannot be liable for internal investigations into misconduct

An effective compliance program is one of the best risk management tools that businesses have at their disposal — but conducting an internal...

Québec Court of Appeal clarifies elements of fraud offence for corrupt conduct

The Québec Court of Appeal dismissed an appeal seeking to overturn a 2019 conviction for fraud, corruption of foreign officials and laundering...

OSC’s Whistleblower Program has awarded over $9.33 million since 2016

The Ontario Securities Commission announced that tips from whistleblowers have resulted in $48 million in sanctions and payments since introducing...