Risk Management and Crisis Response Blog

Consultation on amendments to Canada’s AML regime closes December 30

The consultation period for the proposed PCMLTFA amendments closes on December 30.

Regulation by enforcement: who pays the price?

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

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.

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.

Proposed amendments would allow email summons from the Ontario Securities Commission

Following a recommendation from the province’s Capital Markets Modernization Taskforce, Ontario is proposing to ease the requirements for the...

Québec insider trading decision discusses transactional certainty for the materiality criterion

The Financial Markets Administrative Tribunal considered insider trading allegations around a proposed takeover of a Canadian energy company.

Aggressive enforcement by securities regulators continues

A recent decision of the Supreme Court of British Columbia granted a Mareva injunction, freezing the assets of the defendant. The required...

The OSC’s new proposal to distribute funds from disgorgement orders to harmed investors

The Ontario Securities Commission (OSC) has published proposed rules that outline the procedure the OSC and harmed investors must follow for the...

Failing to ensure compliance throughout your operations: lessons from the Chiquita Banana case

A recent jury verdict in Florida ordered Chiquita Brands International to pay US$38.3 million to the family members of eight men killed in Colombia...