December 2012

December 2012

 

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Securities – Order of the Court of Queen's Bench (Saskatchewan) in the Matter of Alena Marie Pastuch et al

December 31, 2012 – Order of the Court of Queen’s Bench (Saskatchewan) dismissing an application by Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and Cryptguard Ltd. for interim stay of proceedings before a hearing panel of the Financial and Consumer Affairs Authority of Saskatchewan.

 

For more information, please contact:

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

 


Securities – Scotiabank Subordinated Notes Trust Decision pursuant to section 92 of The Securities Act, 1988

December 27, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that Scotiabank Subordinated Notes Trust is no longer a reporting issuer.

 


 

Securities – Arbor Memorial Services Inc. Decision pursuant to section 92 of The Securities Act, 1988

December 21, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that Arbor Memorial Services Inc. is no longer a reporting issuer.

 


 

Securities – Sino-Forest Corporation Decision pursuant to section 92 of The Securities Act, 1988

December 21, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that Sino-Forest Corporation is no longer a reporting issuer.

 


 

Securities – Multilateral CSA Notice 45-311 - Exemptions from Certain Financial Statement-Related Requirements in the Offering Memorandum Exemption to Facilitate Access to Capital by Small Business

December 20, 2012 - The securities regulatory authorities in Yukon, Alberta, Saskatchewan, Northwest Territories, Nunavut, Manitoba, Québec, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador, are each publishing a harmonized interim local order (in Saskatchewan General Order 45-922) that provides exemptions from certain requirements of Form 45-106F2 Offering memorandum for non-qualifying issuers. Form 45-106F2 is the required form under the offering memorandum prospectus exemption in section 2.9 of National Instrument 45-106 Prospectus and Registration Exemptions. The OM exemption is available in all jurisdictions other than Ontario.

For more information, please 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 – The FCAA has issued General Order 45-922 Exemption from Certain Audit and Financial Statement-Related Requirements in the Offering Memorandum Exemption

December 20, 2012 - The Financial and Consumer Affairs Authority of Saskatchewan(FCAA) has issued General Order 45-922 Exemption from Certain Audit and Financial Statement-Related Requirements in the Offering Memorandum Exemption, which offers a new, limited exemption to the form requirements of the offering memorandum prospectus exemption (OM exemption). 


As outlined in Multilateral CSA Notice 45-311 Exemptions from Certain Financial Statement-Related Requirements in the Offering Memorandum Exemption to Facilitate Access to Capital by Small Businesses, a number of Canadian Securities Administrators members are issuing corresponding blanket orders in their jurisdictions. 


The general order provides relief from certain financial statement-related requirements and, of particular significance, the usual requirement under the OM exemption for an audit on annual financial statements. However, those relying on the blanket order are subject to a number of conditions, including a $500,000 limit on how much money they can raise and a limit of $2,000 from each investor over a 12-month period. Other prospectus exemptions, including the unmodified OM exemption, will continue to be available. The general order is designed to help early stage and other small businesses raise funds while maintaining investor protection.


The general order will be in effect for two years. The FCAA is requesting comment on the OM exemption and the changes introduced through the blanket order.  The comment period ends February 20, 2013.

 

For more information, please 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 – Revised CSA Staff Notice 13-315 Securities Regulatory Authority Closed Dates 2013

December 20, 2012 - This Canadian Securities Administrators Staff Notice sets out the list of closed dates of the securities regulatory authorities for 2013.

 

For more 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 – Cease Trade Order in the Matter of Great Sandhills Terminal Ltd.

December 18, 2012 - Cease Trade Order pursuant to subsection 134.1(2) of The Securities Act 1988that all trading in the securities of Great Sandhills Terminal Ltd. (the issuer) cease until the Issuer files the Required Records.

 

For more 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 – Cease Trade Order in the Matter of Red Coat Cattle Feeders Inc.

December 18, 2012 - Cease Trade order pursuant to subsection 134.1(2) of The Securities Act 1988 that all trading in securities of Red Coat Cattle Feeders Inc. (the Issuer) cease until the Issuer files the Required Records.

 

For more 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 – Canadian Securities Administrators Staff Notice 23-314 Frequently Asked Questions about National InstrumentI 23-103 Electronic Trading

December 20, 2012 - The purpose of this notice is to answer some of the frequently asked questions regarding National Instrument 23-103 Electronic Trading.  NI 23-103 is effective on March 1, 2013 and sets out requirements that apply to marketplace participants, marketplaces and the use of automated order systems in order to address the risks of electronic trading.

 


 

Securities – Canadian Securities Regulators Publish Discussion Paper on Mutual Fund Fees

December 18, 2012 - The Canadian Securities Administrators (CSA) today published for comment CSA Discussion Paper 81-407 Mutual Fund Fees, which examines the mutual fund fee structure in Canada and identifies potential investor protection issues arising from that structure.  The Discussion Paper sets out various topics for discussion in order to evaluate the appropriate structure for Canada. Comment period ends April 17, 2013

 

For more information contact:

Dean Murrison, Director
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5842
Fax:  (306) 787-5899
Email: dean.murrison@gov.sk.ca

 


 

Securities – National Bank Financial Inc. Decision pursuant to section 160 of The Securities Act, 1988

December 14, 2012 - Decision pursuant to section 92 of The Securities Act, 1988 that National Bank Financial Inc. is no longer a reporting issuer.

 


 

Securities – Order Setting Hearing Dates In the Matter of Gregory Todd Whiteside and Meagan Whiteside

December 10, 2012 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued an order setting hearing dates In The Matter of Gregory Todd Whiteside and Meagan Whiteside. Hearing to Commence at 9:00 a.m. (local Saskatchewan time) on February 6, 2013 and continue until February 8, 2013 as may be determined by the Hearing Panel.

 

For more information, please contact:

Ola Ben-Ajayi, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 798-3381
Fax:  (306) 787-5899
Email:  ola.ben-ajayi@gov.sk.ca

 


 

Securities − Marquest Asset Management Inc. approval of notice pursuant to subsection 11.10 of NI 31-103

December 7, 2012 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter issued to Marquest Asset Management Inc. pursuant to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) on the same terms and conditions as the Ontario Securities Commission.

 


 

Securities – Notice of Hearing In the Matter of H.H. Fast Investments Ltd. et al

December 7, 2012 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Notice of Hearing In The Matter of H.H. Fast Investments Ltd., Eldred Fast, Beverly Letkeman and Cindylee Sanson.

 

For more information, please contact:

Sonne Udemgba, Acting 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 – Order Setting Hearing Dates In the Matter of H.H. Fast Investments Ltd. et al

December 7, 2012 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued an order setting hearing dates In The Matter of H.H. Fast Investments Ltd., Eldred Fast, Beverly Letkeman and Cindylee Sanson. Hearing to Commence at 9:30 a.m. (local Saskatchewan time) on April 23, 2013 and continue on April 24, 25, 26 and 29, 2013.

 

For more information, please contact:

Sonne Udemgba, Acting 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 – Mackie Research Financial Corporation approval of notice pursuant to National Instrument 31-103

December 6, 2012 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter issued regarding the proposed acquisition of NCP Northland Capital Partners Inc. by Mackie Research Financial Corporation Notice pursuant to section 11.9 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) on the same terms and conditions as the Ontario Securities Commission.

 


 

Securities – Decision on Preliminary Motions - Motion to Dismiss Proceedings & Motion to Recuse

December 4, 2012 - Today the Financial and Consumer Affairs Authority issued a Decision dismissing two Preliminary Motions; Motion to Dismiss Proceedings & Motion to Recuse filed by the Respondents in the Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd., Cryptguard Ltd.

 

For more information, please contact:

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

 


 

Securities – Notice of Hearing in the Matter of Gregory Todd Whiteside and Meagan Whiteside

December 3, 2012 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued a Notice of Hearing In The Matter of Gregory Todd Whiteside and Meagan Whiteside.  

 

For more information, please contact:

Ola Ben-Ajayi, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 798-3381
Fax:  (306) 787-5899
Email:  ola.ben-ajayi@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

Agree Term