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

Newly Introduced OSC Whistleblower Program Receives Over 30 Tips Since Coming into Effect

The Ontario Securities Commission (the “OSC”) has now reported that in the month and a half since its rollout, its Office of the...

Canadian government publishes consultation paper for a review of the legislative and regulatory framework of Canada’s financial sector

BackgroundOfficers, Directors of regulated businesses and advisors must keep up with evolving regulatory and other policy priorities as a matter of...

Government report indicates potential overhaul of Ontario labour and employment landscape

Ontario employers may soon face significant changes to workplace laws. That is the main conclusion that can be drawn from the recently released...

DOJ’s Major Insider Trading Victory: a Blueprint for post-Newman Convictions?

Improper disclosure of confidential information and insider trading remains very much a focal point for regulators and prosecutors on both sides of...

SEC Enters into Two Non-Prosecution Agreements for Alleged FCPA Violations

In June 2016 the US Securities and Exchange Commission (SEC) announced that it had entered into two non-prosecution agreements (NPAs) with two...

SEC Continues to Penalize Companies which Restrict Whistleblowing or Seek Waiver of Payment of Whistleblower Incentive Payments

As whistleblower initiatives build steam in Canada, the United States and throughout the world, executives, and board members face evolving...

U.K. Serious Frauds Office Enters into Second Deferred Prosecution Agreement to Resolve Corruption and Bribery Charges

The U.K. Serious Frauds Office (the SFO) on July 8, 2016 obtained its second deferred prosecution agreement (DPA). The Southwark (London) Crown Court...

A Review of New Whistleblower Protections Under Ontario’s Securities Act

In connection with the establishment of the Ontario Securities Commission’s new Whistleblower Program in July 2016, which includes monetary...

Three Scotia Dealers Reach No-Contest Settlement with OSC

On July 29, 2016, the Ontario Securities Commission approved a no-contest settlement agreement with three Bank of Nova Scotia dealers in connection...

Initial Board of Directors and New Implementation Timelines Announced for Canada’s Securities Regulatory Regime

In an important step towards implementing Canada’s Cooperative Capital Markets Regime, the participating jurisdictions have made the long awaited...