On July 24, 2019, the Ontario Securities Commission approved a settlement agreement with CoinLaunch Corp., a service provider in the crypto-asse…
Appeal from denial of leave to appeal: Limits to the “jurisdiction exception”
There is an established line of authority that no appeal lies to the Court of Appeal for Ontario from a lower court decision denying leave to appeal, …
OSC Burden Reduction Initiative – Revisiting the 2003 Regulatory Burden Task Force
As the OSC continues to embark on its Burden Reduction Initiative, we think it is a worthwhile exercise to look back at the Commission’s 2003 bu…
“Controversial” changes to Ontario class actions law recommended by Commission
After two years of review, the Law Commission of Ontario has recommended wide-ranging changes to Ontario’s class actions regime. In its report r…
FSRA targets efficient and streamlined regulation for Ontario credit unions, insurers, pension plans, and mortgage brokers
As previously reported, the Ontario government is moving ahead to support financial regulatory reform including by establishing the Financial Services…
Court of Appeal holds that class members similar to regular parties, cannot hide identity
In Amyotrophic Lateral Sclerosis Society of Essex County v Windsor (City), the Court of Appeal for Ontario held that the deemed undertaking r…
Walmart pays $282 million for FCPA resolution
On June 20, 2019, Walmart entered into a US$282.7 million global settlement with the U.S. Securities and Exchange Commission and Department of Ju…
CSA releases annual enforcement report – focus on collaboration and enforcement in digital world
The Canadian Securities Administrators (CSA) released its annual enforcement report yesterday – aptly titled “Evolving Securities Enforcem…
OSC Burden Reduction Initiative – Rules-based versus principle-based regulation
As the Ontario Securities Commission (“OSC”) considers how best to implement its burden reduction initiative, there has been significant s…
Seeing the forest for the trees: Ontario Court of Appeal dismisses Sino-Forest executives’ appeal of OSC decision
On June 3, 2019 the Ontario Court of Appeal released its decision in
