Lawrence E. Ritchie Lawrence E. Ritchie

OSC issues anticipated Report on the Burden Reduction Task Force

The OSC issued its Report on the work of the Burden Reduction Task Force, in which it outlined the work undertaken by the OSC and the Task Force and...

OBSI reports rise in investment industry complaints

The Ombudsman for Banking Services and Investments (OBSI) reported a surge in the number of investment-related complaints in the second quarter of...

Amendments to British Columbia’s Securities Act expand enforcement powers

On October 21, 2019, British Columbia introduced Bill 33 (Securities Amendment Act, 2019), which provides for substantial amendments to the British...

Ontario establishes a Serious Fraud Office

At the end of August the Government of Ontario launched a new organization tasked with investigating and prosecuting complex white-collar crime. The...

OSC Burden Reduction Initiative – Focusing on ‘Principles’ for more responsive and effective regulation

The Ontario Securities Commission’s Burden Reduction Initiative emphasizes the centrality of a risk and principle-based focus to effective...

OSC Burden Reduction Initiative – Revisiting the 2003 Regulatory Burden Task Force

As the OSC continues to embark on its Burden Reduction Initiative, we think it is a worthwhile exercise to look back at the Commission’s 2003...

Walmart pays $282 million for FCPA resolution

On June 20, 2019, Walmart entered into a US$282.7 million global settlement with the U.S. Securities and Exchange Commission and Department of...

CSA releases annual enforcement report – focus on collaboration and enforcement in digital world

The Canadian Securities Administrators (CSA) released its annual enforcement report yesterday – aptly titled “Evolving Securities...

OSC Burden Reduction Initiative – Rules-based versus principle-based regulation

As the Ontario Securities Commission (“OSC”) considers how best to implement its burden reduction initiative, there has been significant...

OSC Burden Reduction Initiative – OSC roundtables

In January 2019, the Ontario Securities Commission (“OSC”) announced the formation of a Burden Reduction Task Force aimed at minimizing...