Risk Management and Crisis Response Blog Risk Management and Crisis Response Blog

Procedural route to challenge capital markets regulatory investigative tool confirmed

A recent decision has clarified the scope and limitations of the Ontario Securities Commission’s investigatory authority.

Ontario Capital Markets Tribunal sanctions TeknoScan Systems Inc. and three of its executives for misleading disclosure

A recent Capital Markets Tribunal decision imposed significant consequences after finding fraud based on disclosure omissions.

Federal budget sets stage for Canadian stablecoin legislation, but key contours remain unclear

Budget 2025 marks the first time Canada’s federal government has announced its intention to regulate the issuance of fiat-backed stablecoins.

First look: Ontario court clarifies Securities Act anti-reprisal protections

If protected activity is a motivating factor in a termination, employers may face liability even where there are also other motives.

Strengthening American leadership in digital financial technology: insights from the Trump’s administration report on digital assets

The report reiterates President Trump’s stated promise to make the U.S. the “crypto capital of the world.”

Ontario Court of Appeal clarifies jurisdiction over global crypto platforms

Mere access to a global internet platform from Ontario is not enough to ground jurisdiction over foreign corporate defendants.

Understanding the CSA’s OBSI reform proposal

The Canadian Securities Administrators released a new proposed framework for an independent dispute resolution service with binding authority.

Expanded enforcement powers: is CIRO now exercising ‘statutory’ powers?

Recent statutory amendments have expanded the Canadian Investment Regulatory Organization’s (CIRO) enforcement toolkit.

OSC adopts new framework to distribute funds from disgorgement orders to harmed investors

We review the new regime and its potential implications for both investors and the regulator.

A tale of two regimes: the U.S. GENIUS Act and Canada’s divergent approach to stablecoin regulation

The U.S. GENIUS Act is the first comprehensive federal regulatory framework for stablecoins and sets a clear framework for issuers and users.