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Ontario considering overtime and hours of work rules for “IT professionals”

The Government of Ontario is looking at dropping a wide range of overtime and hours of work exemptions, including the exemption that now ...

Canada enacts Justice for Victims of Corrupt Foreign Officials Act – Implications for compliance with Canadian anti-money laundering requirements

On October 18, 2017, the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law) (the Act) received royal assent and became...

OSFI publishes changes to its Corporate Governance Guideline – Applicable to banks, trust & loan companies and insurance companies

For corporate governance process-related matters, in addition to the legislative requirements under applicable statutes (e.g., Bank Act, Insurance...

Class action risks for initial coin offerings

Discussions surrounding the legal risks of initial coin offerings (ICOs) typically focus on the risk of regulatory action for failure to comply with...

OBSI complaint volumes on the rise

On October 30, 2017, Ombudsman for Banking Services and Investments released its first quarterly OBSI e-news publication, highlighting key...

OSC alleges legal assistant involved in insider trading

The Ontario Securities Commission has issued a statement of allegations against a former legal assistant at a major Bay Street law firm and three...

OFAC announces sanctions settlement against Canadian company’s U.S. parent

On October 5, 2017, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced a $372,465 settlement with...

Regulators worldwide increasingly scrutinizing initial coin offerings

Recent announcements and other actions by financial regulators around the world signal growing regulatory concern over the rapid growth of initial...

Government seeks input on introducing deferred prosecution agreements regime in Canada

On September 25, 2017, the Government of Canada announced the launch of a public consultation seeking input on potential enhancements to the...

U.S. Supreme Court to rule on deference owed to SEC interpretation of securities legislation

We have previously discussed the pending appeal in Digital Realty Trust v. Somers, in which the U.S. Supreme Court will determine the scope of the...