Osler Updates

Department of Finance seeks consultation by December 30 on changes to Canada’s AML regime

The consultation period for proposed new amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorism Financing Act closes on Dec 31,...

The Québec AMF’s new information security incident reporting regime: what financial institutions need to know

Québec’s financial regulatory agency published a new information security incident reporting regime, with obligations for certain financial...

Québec introduces Bill 81 to amend various environmental laws

On November 20, Québec tabled Bill 81, which would amend the majority of the province’s environmental legislation.

Legislative Update Report No. 2024-22 Le Bulletin d’actualités législatives

Osler's Legislative Update is a bi-weekly listing of new legislation. This issue covers legislation for the period 11/07 to 11/20.

The proposed GST/HST holiday: Santa comes early for consumers, retailers get coal

The proposed GST/HST holiday might be more headache and hassle for retailers during an already busy holiday season.

Will access finally equal delivery? Progress in access model for certain Canadian continuous disclosure documents

An alternative model for the delivery of certain continuous disclosure documents by non-investment fund reporting issuers is back on the table.

Past performance suggests future results: what a second Trump presidency means for Canadian trade

Canada’s uniquely close economic ties with the U.S. make it particularly vulnerable during the second Trump presidency.

Water cannot be turned into wine: Cormark and the legality of triangular hedging transactions

The Ontario Capital Markets Tribunal has provided important guidance on hedging transactions in connection with private placements.

CSA disclosure review highlights AI-washing and greenwashing among other continuous disclosure concerns

Areas that require disclosure improvements by Canadian reporting issuers include promotional claims about artificial intelligence and sustainability.

Supreme Court clarifies standard of review for challenges to subordinate legislation

The Court held that the same flexible standard of review for administrative decisions applies to challenges to regulations.