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COVID-19: Financial and Capital Markets Regulatory Updates

Mar 18, 2020

Last updated on April 2, 2020

The chart below (updated as of April 2, 2020), outlines various responses to date taken by financial and capital markets regulatory authorities in response to the COVID-19 pandemic. The announcements are identified by the date issued by the regulator.  We will continue to monitor this matter and provide updates as appropriate.

For Osler Updates and blog posts regarding financial and capital markets regulators, please see here, or visit our central COVID-19 resource page.


Regulator

Timing Matters

Filing/Disclosure-Related Changes

Accommodations for Remote Activities

Other Shifts in Regulatory Priorities

Other Matters

IIROC

 

 

March 10, 2020

 

 

CSA/OSC[1]

CSA: March 16, 2020

OSC: March 16, 2020

CSA: March 18, 2020

OSC: March 23, 2020 -Orders: 51-502, 81-503, 25-502, and, 31-510    

CSA: March 23, 2020

CSA: March 20, 2020

 

CSA: March 16, 2020

OSC: March 16, 2020

 

March 24, 2020 (OSC as Essential Business)

 

SEC

March 4, 2020

March 20, 2020

Firms: March 13, 2020

Advisers: March 13, 2020 

March 16, 2020

March 23, 2020

March 22, 2020

March 13, 2020

March 20, 2020

 

March 20, 2020 (Approves NYSE application re. market capitalization)

March 20, 2020 (SEC Continual Facilitation of Capital Markets)

March 21, 2020 (Approves E-Auctions)

March 20, 2020 (Changes re. Global Market Cap Requirements)

March 22, 2020 (Transfer Agent Exemptions)

March 23, 2020 (Flexibility for Investment Companies)

March 23, 2020 (Statement on Enforcement) 

March 26, 2020 (EDGAR Access, Crowdfunding & Municipal Advisors)

March 30, 2020 (Volcker Rule) 

 

TMX Group/CDS

March 23, 2020

March 13, 2020

March 13, 2020

 

March 23, 2020 (Securities-Based Compensation)

March 23, 2020 (Delisting Criteria)

March 23, 2020 (Normal Course Issuer Bids)

March 23, 2020 (Market Price Definition)

NYSE

 

 

 

 

March 18, 2020 (Temp. Trading Floor Closure)

OSFI

 

March 13, 2020

March 27, 2020

 

March 13, 2020

March 30, 2020 (Capital Treatment of COVID Funds) 

March 27, 2020 (Regulatory Flexibility)

FSRA

March 23, 2020

March 27, 2020

March 27, 2020

March 16, 2020

 

March 27, 2020 (Changes to Regulatory Requirements)

FINTRAC

 

March 13, 2020

 

March 13, 2020

 

FCAC[2]

 

 

 

DELETED

 

Bank of Canada

 

 

 

 

March 13, 2020 (Interest Rates)

March 18, 2020 (NMLP as Collateral)

March 19, 2020 (Cash Transactions)

March 23, 2020 (Issue/Guarantee of Bankers' Acceptances)

March 24, 2020 (Provincial Funding Program)

March 30, 2020 (Standing Liquidity Facility) 

US Federal Reserve

 

 

 

 

March 16, 2020 (Interest Rate Cut)

March 15, 2020 (Buybacks)

March 20, 2020 (Re. Maturity)

March 20, 2020 (Re. Credit)

March 23, 2020 (TLAC Rule)

 

 

[1] Outside of the blanket 45 day extension announced on March 18 and confirmed on March 23, 2020, filing extensions will only be granted with an MCTO.

[2] A former iteration of this post referenced an FCAC announcement from March 17, 2020. In this announcement the FCAC stated that it is reprioritizing its supervisory and regulatory work and will focus its resources on emerging risks and concerns. This post has since been taken down.