April 2016

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca

April 2016

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Securities – Order in the Matter of RTG Direct Trading Group Ltd. and RTG Direct Trading Limited

April 28, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Order in the Matter of RTG Direct Trading Group Ltd. and RTG Direct Trading Limited.

Order - April 28, 2016

For more information contact:

Sonne Udemgba, Deputy Director, Legal
Securities Division
Financial and Consumer Affairs Authority
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5879
Fax: (306) 787-5899
Email: sonne.udemgba@gov.sk.ca

Securities – Order in the Matter of Zulutoys Limited and RBOptions

April 28, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Order in the Matter of Zulutoys Limited and RBOptions.

Order - April 28, 2016

For more information contact:

Securities – Symax Lift (Holding) Inc. Decision pursuant to section 92 of The Securities Act, 1988

April 28, 2016 - Decision pursuant to section 92 of The Securities Act, 1988 that Symax Lift (Holding) Inc. is no longer a reporting issuer.

Decision - April 28, 2016

Securities – CSA Consultation Paper 33-404 Proposals to Enhance the obligations of Advisers, Dealers, and Representatives Toward their Clients

April 28, 2016 - On October 25, 2012, the Canadian Securities Administrators (the CSA) published CSA Consultation Paper 33-403 – The Standard of Conduct for Advisers and Dealers: Exploring the Appropriateness of Introducing a Statutory Best Interest Duty When Advice is Provided to Retail Clients. On December 17, 2013, the CSA published CSA Staff Notice 33-316 – Status Report on Consultation under CSA Consultation Paper 33-403: The Standard of Conduct for Advisers and Dealers: Exploring the Appropriateness of Introducing a Statutory Best Interest Duty When Advice is Provided to Retail Clients (the Staff Notice). The Staff Notice provided a status report on the best interest consultation initiative, and identified key themes that emerged from the Original Consultation Paper. We concluded that more work was needed.

This consultation paper is the next step in the CSA’s work toward improving the relationship between clients and their advisers, dealers and representatives. It follows the comments received on the Original Consultation Paper and the key themes the CSA summarized in the Staff Notice, and builds on subsequent work conducted by the CSA, including related consultations and research, on the relationship between clients and registrants.

The comment period is open until August 26, 2016.

CSA Consultation Paper 33-404 Proposal to Enhance the Obligations of Advisors, Dealers, and Representatives Toward their Clients

For information contact:

Sonne Udemgba, Deputy Director, Legal
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5879
Fax: (306) 787-5899
Email: Sonne.Udemgba@gov.sk.ca

Securities – CSA Staff Notice 13-323 - Frequently Asked Questions About Making Exempt Market Offering and Disclosure Filings on SEDAR (Multilateral Notice)

April 21, 2016 - Canadian Securities Administrators are publishing CSA Staff Notice 13-323 Frequently Asked Questions About Making Exempt Market Offering and Disclosure Filings on SEDAR which sets out a number of frequently asked questions relating to the filings of exempt market offering and disclosure documents on SEDAR. We may from time to time issue an updated version of this notice to reflect additional frequently asked questions or concerns.

CSA Staff Notice 13-323

For information contact:

Heather Kuchuran, Senior Securities Analyst, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-1009
Fax: (306) 787-5899
Email: heather.kuchuran@gov.sk.ca

Securities – CSA Staff Notice 21-317 Next Steps in Implementation of a Plan to Enhance Regulation of the Fixed Income Market

April 21, 2016 - This notice describes the next steps in the implementation of the Canadian Securities Administrators staff's plan to enhance regulation of the fixed income market.

CSA Staff Notice 21-317

For information contact:

Liz Kutarna, Deputy Director, Capital Markets
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5871
Fax: (306) 787-5899
Email: liz.kutarna@gov.sk.ca

Securities – The Securities Commission (Adoption of National Instruments, Prospectus Exemptions) Amendment Regulations, 2016

April 20, 2016 - The Securities Commission (Adoption of National Instruments, Prospectus Exemptions) Amendment Regulations, 2016 came into force on April 30, 2016.

Commission Amendment Regulation

For more information contact:

Securities – Counterpart to Memorandum of Understanding

April 20, 2016 - The New Brunswick Financial and Consumer Services Commission, the Nova Scotia Securities Commission and the Financial and Consumer Affairs Authority of Saskatchewan announced today that they have each signed separate Counterparts to a Memorandum of Understanding (MOU) with the U.S. Commodity Futures Trading Commission (CFTC) to Enhance Supervision of Cross-Border Regulated Entities.

The MOU will provide for the cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in the United States and in certain Canadian provinces

For information contact:

Securities – 1948565 Ontario Inc. Decision pursuant to section 92 of The Securities Act, 1988

April 20, 2016 - Decision pursuant to section 92 of The Securities Act, 1988 that 1948565 Ontario Inc. is no longer a reporting issuer.

Decision - April 20, 2016

Securities – Temporary Order in the Matter of Edgedale Finance and Greymountain Management Ltd.

April 20, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Temporary Order in the Matter of Edgedale Finance and Greymountain Management Ltd.

Temporary Order - April 20, 2016

For more information contact:

Christina Meredith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5843
Fax: (306) 787-5899
Email: christina.meredith@gov.sk.ca

Securities – CSA Staff Notice 31-345 Cost Disclosure, Performance Reporting and Client Statements – Frequently Asked Questions and Additional Guidance

April 14, 2016 - Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) and Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations (31-103CP or the CP) implementing phase 2 of the Client Relationship Model (CRM2) came into force on July 15, 2013 (the CRM2 Amendments). Staff of the Canadian Securities Administrators (CSA staff or we) have compiled these frequently asked questions and our responses as well as further guidance (FAQs) in addition to that which we published in CSA Staff Notice 31-337 Cost Disclosure, Performance Reporting and Client Statements – Frequently Asked Questions and Additional Guidance as of February 27, 2014 (CSA SN 31-337). FAQs from CSA SN 31-337 have been consolidated with the further FAQs in this notice. For that reason, CSA SN 31-337 is hereby withdrawn. Some of the earlier FAQs have been superseded in part by the further FAQs or left out of this consolidation because they are no longer necessary. Among other things, this notice includes a section on the applicability of the CRM2 Amendments to exempt market dealers. Some parts of this guidance were previously published in CSA Staff Notice 31-324 Exempt Market Dealers and Account Statement Requirements in National Instrument 31-103 Registration Requirements and Exemptions dated June 22, 2011. With the publication of the updated guidance in this notice, CSA SN 31-324 is also hereby withdrawn.

CSA Staff Notice 31-345

For information contact:

Curtis Brezinski, Compliance Auditor, Capital Markets
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5876
Fax: (306) 787-5899
Email: curtis.brezinski@gov.sk.ca

Securities – Order re Settlement Agreement in the matter of Chad Streifel operating as Singular Investments

April 11, 2016 - The Financial and Conumer Affairs Authority of Saskatchewan has issued an Order re Settlement Agreement in the matter of Chad Streifel operating as Singular Investments.

Settlement Agreement Order - April 11, 2016

For more information contact:

Securities – CSA Staff Notice 33-317 Next Steps in the CSA's Work to enhance the Obligations of Advisors, Dealers and Representatives Toward Their Clients.

April 7, 2016 - The Canadian Securities Administrators are providing advance notice of the upcoming publication of CSA Consultation Paper 33-404 – Proposals to Enhance the Obligations of Advisers, Dealers, and Representatives Toward Their Clients (the Consultation Paper). The Consultation Paper, anticipated to be published toward the end of April 2016, will seek comment on proposed regulatory action aimed at strengthening the obligations that advisers, dealers and representatives (registrants) owe to their clients.

CSA Staff Notice 33-317

For more information, please contact:

Securities – CSA Staff Notice 45-308 (Revised) Guidance for Preparing and Filing Reports of Exempt Distribution under NI 45-106

Staff of the Canadian Securities Administrators have prepared this revised Staff Notice (this Notice) to assist issuers, underwriters and their advisors in preparing and filing the new harmonized report of exempt distribution (the New Report) introduced by amendments to National Instrument 45-106 Prospectus Exemptions and related changes to Companion Policy 45-106 Prospectus Exemptionspublished on April 7, 2016 (the Amendments).

Subject to ministerial approval the Amendments, including the New Report, will come into force on June 30, 2016.

This Notice replaces a prior version of this notice issued on June 25, 2015.

CSA Staff Notice 45-308 (Revised)

For information contact:

Tony Herdzik, Deputy Director, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5849
Fax: (306) 787-5899
Email: tony.herdzik@gov.sk.ca

Securities – CSA Notice of Amendments to National Instrument 45-106 Prospectus Exemptions relating to Reports of Exempt Distribution

April 7, 2016 - The Canadian Securities Administrators (We) are making amendments to National Instrument 45-106 Prospectus Exemptions to introduce a new harmonized report of exempt distribution. We are also making related changes to Companion Policy 45-106 Prospectus Exemptions.

We refer to the rule amendments, the New Report and the changes to 45-106CP collectively as the Amendments.

Subject to ministerial approval, the Amendments will come into force on June 30, 2016.

For more information please contact:

Securities – CSA Notice and Request for Comment - Proposed Amendments to National Instrument 23-101 Trading Rules

April 7, 2016 - The Canadian Securities Administrators (the CSA or We) are publishing for comment proposed amendments to National Instrument 23-101 Trading Rules (the Proposed Amendments).

We are publishing the text of the Proposed Amendments in Annex B to this notice, together with certain other relevant information at Annexes C through D. The text of the Amendments will also be available on the websites of the CSA jurisdictions.

The comment period ends July 6, 2016.

For more information please contact:

Securities – CSA Notice of Approval of Amendments to NI 23-101 and CP 23-101CP

April 7, 2016 - The Canadian Securities Administrators (the CSA or we) have approved amendments to National Instrument 23-101 Trading Rules (the Instrument, or NI 23-101) and its related Companion Policy (23-101CP) (together, the Amendments) and are finalizing a methodology for the regulatory oversight of market data fees (the Data Fees Methodology).

The Amendments update NI 23-101 and 23-101CP in relation to the application of the order protection rule (OPR), and in response to recent market developments. The Amendments adjust the rule framework in a manner that maintains the core principles of OPR, but address some of the inefficiencies and costs that have resulted from its implementation. Further, the Amendments add OPR-related guidance to 23-101CP to address circumstances where a marketplace has introduced an intentional order processing delay.

Subject to ministerial approval, the Amendments will come into force on July 6, 2016, except as related to the market share threshold. The Amendments related to the market share threshold will come into force on October 1, 2016.

For more information, please contact:

Liz Kutarna, Deputy Director, Capital Markets
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone:  (306) 787-5871
Fax:  (306) 787-5899
Email:  Liz.Kutarna@gov.sk.ca

Securities – CSA Multilateral Staff Notice 54-304 - Final Report on Review of the Proxy Voting Infrastructure and Request for Comments on Proposed Meeting Vote Reconciliation Protocols

April 7, 2016 - Staff of the Canadian Securities Administrators (the CSA) are publishing this Notice to

report on our work since we published CSA Staff Notice 54-303 Progress Report on Review of the Proxy Voting Infrastructure in January 2015,
seek comment on proposed protocols (the Protocols) that contain CSA staff guidance on operational processes to tabulate proxy votes for shares held through intermediaries, and
outline our next steps.

Please provide your comments on the Protocols by July 15, 2016.

For more information, please contact:

Tony Herdzik, Deputy Director, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone:  (306) 787-5849
Fax:  (306) 787-5899
Email:  tony.herdzik@gov.sk.ca

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca