Banking and Financial Services Banking and Financial Services

Canada publishes final bail-in regulations

On March 27, 2018, the Government of Canada released the final version of the bail-in regulations under the Bank Act and the CDIC Act (Bail-in...

Canadian financial sector legislation renewal – Amendments to Bank Act, Insurance Companies Act and Trust and Loan Companies Act

In February 2018, the Canadian federal government had indicated, as part of its budget plan, that it intends to modernize the financial sector...

Court of Appeal upholds significant OSC insider trading decision in Finkelstein

On January 25, 2018, the Ontario Court of Appeal released its decision in the high-profile Finkelstein v Ontario Securities Commission case,...

Blockchain and smart contracts, cloud computing and agile development

This past year saw the acceleration of transformational technologies that are increasingly impacting businesses as well as broader society.

Financial regulatory landscape is evolving to protect consumers: A post-Wells Fargo world

Following revelations about Wells Fargo’s sales practices, Canadian regulators have launched many reviews, which could lead to big changes in the...

Recent developments in U.S. leveraged finance – November 2017

The fourth quarter of 2017 has given rise to at least three developments of interest to the U.S. leveraged lending community.

The SCC considers who bears the risk of a fraudulent cheque: the drawer or the bank?

In Teva Canada Ltd. v. TD Canada Trust, the Supreme Court of Canada clarified the “fictitious” or “non-existent” payee defence to the tort of...

OSC Staff’s latest views have implications for capital markets transactions – Highlights from the 2016-2017 Annual Report of the Corporate Finance Branch

The Corporate Finance Branch of the Ontario Securities Commission released its latest Annual Report on September 21, 2017. We highlight 6 areas of...

Securities Commission staff raise the bar for conflict transactions

Staff of the securities regulatory authorities in each of Ontario, Québec, Alberta, Manitoba and New Brunswick have indicated that they intend to...

The Eco Oro decision – OSC invokes broad jurisdiction in effectively neutralizing a private placement

The Ontario Securities Commission recently released its reasons for overturning a decision by the Toronto Stock Exchange conditionally approving a...