April 2020

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

April 2020

Securities – General Order 81-503 Temporary Exemption from Borrowing Limit to Accommodate Redemption Requests of Mutual Funds Investing in Fixed Income Securities

April 17, 2020 – The Financial and Consumer Affairs Authority of Saskatchewan today published General Order 81-503 Temporary Exemption from Borrowing Limit to Accommodate Redemption Requests of Mutual Funds Investing in Fixed Income Securities

General Order 81-503

For more information contact:
       Heather Kuchuran, Deputy Director
       Corporate Finance, Securities Division
       Financial and Consumer Affairs Authority of Saskatchewan
       Suite 601, 1919 Saskatchewan Drive
       Regina, Saskatchewan S4P 4H2
       Tel: 306.787.1009
       Fax: 306.787.5899
       Email: heather.kuchuran@gov.sk.ca

Securities - Decision of the Hearing Panel Concerning Staff's Motion for Leave to Call Witnesses in the Matter of Jack Louis Comeau, Pinnacle Wealth Brokers Inc., and Grasswood Property Finance Ltd.

April 16, 2020 - The Financial and Consumer Affairs Authority of Saskatchewan published Decision of the Hearing Panel Concerning Staff's Motion for Leave to Call Witnesses in the Matter of Jack Louis Comeau, Pinnacle Wealth Brokers Inc. and Grasswood Property Finance Ltd.

Decision of the Hearing Panel - April 16, 2020

For more 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
Tel: 306.787.5879
Fax: 306.787.5899
Email: sonne.udemgba@gov.sk.ca

Securities - In-person hearings on hold

April 16, 2020 - The Financial and Consumer Affairs Authority (“FCAA”) is taking all necessary precautions to protect the health and safety of its employees and the public as we respond to challenges due to COVID-19. We continue to monitor information available concerning the public health risks posed by COVID-19 and in order to protect our employees and the public, the FCAA will not be holding in-person hearings pursuant to The Securities Act, 1988, until at least May 31, 2020.

Matters which were originally scheduled to be heard prior to May 31, 2020 for which adjournments by consent have not already been arranged, are hereby adjourned sine die. Counsel and/or self-represented litigants may make arrangements with the Registrar for rescheduling of such matters once regular operations resume. In the event parties wish to proceed prior to May 31, 2020, they can apply to the Hearing Panel for leave to proceed by way of electronic or written hearing.

The Registrar will continue to receive Statements of Allegations, Motions or other filings by email at registrarfcaa@ gov.sk.ca in accordance with Saskatchewan Policy Statement 12-602, Procedure for Hearings and Reviews.

The Registrar can be contacted by email at registrarfcaa@gov.sk.ca or by phone at (306) 787-5646.

The co-operation and understanding of all involved during this difficult and challenging time is appreciated.

Securities - Update to CSA Staff Notice 51-360 Frequently Asked Questions Regarding Filing Extension Relief Granted by Way of a Blanket Order in Response to COVID-19

April 16, 2020 - On April 3, 2020 the Canadian Securities Administrators published CSA Staff Notice 51-360 Frequently Asked Questions Regarding Filing Extension Relief Granted by Way of a Blanket Order in Response to COVID-19. The notice has now been updated for clarification.

CSA Staff Notice 51-360 (Updated)

For more information contact:
Heather Kuchuran, Deputy Director
Corporate Finance, Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Tel: 306.787.1009
Fax: 306.787.5899
Email: heather.kuchuran@gov.sk.ca

Securities - General Order 31-503 Relief in respect of Client Focused Reforms Disclosure Information Provision of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

April 16, 2020 - The Financial and Consumer Affairs Authority of Saskatchewan today published General Order 31-503 Relief in respect of Client Focused Reforms Disclosure Information Provision of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

General Order 31-503

For more 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
        Tel: 306.787.5871
        Fax: 306.787.5899
        Email: liz.kutarna@gov.sk.ca

Securities - General Order 31-502 Relief in respect of Client Focused Reforms Conflict of Interest Provisions of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

April 16, 2020 - The Financial and Consumer Affairs Authority of Saskatchewan today published General Order 31-502 Relief in respect of Client Focused Reforms Conflict of Interest Provisions of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

General Order 31-502

Securities - CSA Notice 31-357 Blanket Orders/Class Orders in respect of Certain Focused Reforms Provisions of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

April 16, 2020 - The Canadian Securities Administrators published CSA Notice 31-357 Blanket Orders/Class Orders in respect of Certain Focused Reforms Provisions of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

CSA Notice 31-357

Securities – Amendments to Exemption Order 25-502 Temporary Exemption from Certain Reporting Requirements for Regulated Entities

April 14, 2020 – On March 23, 2020 the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) published General Order 25-502 Temporary Exemption from Certain Reporting Requirements for Regulated Entities (GO 25-502) to provide temporary blanket relief for market participants from certain regulatory filings, as a result of COVID-19. FCAA has now amended GO 25-502 to include temporary relief from certain reporting requirements under Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting.

General Order 25-502 Temporary Exemption from Certain Reporting Requirements for Regulated Entities

Securities - Sanctions Order in the Matter of OptionRally and TCM Investments Ltd.

April 13, 2020 - The Financial and Consumer Affairs Authority of Saskatchewan published Sanctions Order in the Matter of OptionRally and TCM Investments Ltd.

Sanctions Order - April 13, 2020

Securities – Amendments to Exemption Order 45-929 Start-up Crowdfunding Registration and Prospectus Exemptions

April 9, 2020 – Concurrent to the publication of the Canadian Securities Administrators (CSA) published CSA Notice and Request for Comment Proposed National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions (Proposed NI 45-110) on February 27, 2020, the Financial and Consumer Affairs Authority of Saskatchewan has amended General Order 45-929 Start-up Crowdfunding Registration and Prospectus Exemptions to extend the order until such time as Proposed NI 45-110 is adopted in Saskatchewan.

General Order 45-929 Start-up Crowdfunding Registration and Prospectus Exemptions

For more information contact:
        Mikale White, Legal Counsel
        Legal, Securities Division
        Financial and Consumer Affairs Authority of Saskatchewan
        Suite 601, 1919 Saskatchewan Drive
        Regina, Saskatchewan S4P 4H2
        Tel: 306.798.3381
        Fax: 306.787.5899
        Email: mikale.white@gov.sk.ca

Securities - Extending Order in the Matter of United Financial Commodity Group, United FCG, UFCG Limited and UFCG Ltd.

April 6, 2020 - The Financial and Consumer Affairs Authority of Saskatchewan published Extending Order in the Matter of United Financial Commodity Group, United FCG, UFCG Limited and UFCG Ltd.

Extending Order - April 6, 2020

Securities - CSA Staff Notice 51-360 Frequently Asked Questions Regarding Filing Extension Relief Granted by Way of a Blanket Order in Response to COVID-19

April 3, 2020 - The Canadian Securities Administrators published CSA Staff Notice 51-360 Frequently Asked Questions Regarding Filing Extension Relief Granted by Way of a Blanket Order in Response to COVID-19.

CSA Staff Notice 51-360

For more information contact:
Heather Kuchuran, Deputy Director
Corporate Finance, Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Tel: 306.787.1009
Fax: 306.787.5899
Email: heather.kuchuran@gov.sk.ca

Securities - Extending Order in the Matter of HB Global Enterprise and MetaProTrader Inc.

April 3, 2020 - The Financial and Consumer Affairs Authority of Saskatchewan published Extending Order in the Matter of HB Global Enterprise and MetaProTrader Inc.

Extending Order - April 3, 2020

Securities – Extending Order in the matter of Vincent John Mullee and Vince Mullee Financial Inc.

April 2, 2020 – The Financial and Consumer Affairs Authority of Saskatchewan published Extending Order in the matter of Vincent John Mullee and Vince Mullee Financial Inc.

Extending Order - April 2, 2020

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca