Risk Management and Crisis Response

Evolving legal and political landscape creates uncertainty about securities regulation of crypto-related activity

We recap some recent cases from both sides of the border, with an eye to where enforcement activity may go from here.

Regulation by enforcement: who pays the price?

Who should bear the costs of Ontario Securities Commission enforcement proceedings is emerging as an important issue.

Tackling ‘snow washing’: expanding Canada’s anti-money laundering regime

We explore recent regulatory developments relating to AML and AFL, as well as anticipated changes in the future.

Two years of CIRO: enforcement, harmonization and what’s next

The Canadian Investment Regulatory Organization’s core priorities will be enforcement and regulatory harmonization.

Will new powers lead to more effective capital markets regulatory enforcement?

With broader investigative and enforcement powers, securities regulators levied increased sanctions in 2024.

Federal government plans mandatory climate disclosures for large private CBCA companies and voluntary sustainable investment guidelines

The federal government has announced complementary plans to enhance corporate sustainability and transparency.

Water cannot be turned into wine: Cormark and the legality of triangular hedging transactions

The Ontario Capital Markets Tribunal has provided important guidance on hedging transactions in connection with private placements.

Changes of enforcement leadership raise questions about new priorities

Amid recent departures from top enforcement jobs, personalities and personal agendas can affect regulators’ strategies and enforcement priorities.

Canadian Securities Administrators’ 2023–2024 annual Year in Review

The annual report highlights efforts undertaken in response to emerging issues and changing conditions in the country’s capital markets.

Completing the Law 25 puzzle: insight into the right to data portability

Starting September 22, 2024, the final Law 25 amendments to the Act Respecting the Protection of Personal Information in the Private Sector (the...