December 2013

December 2013

 

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Securities – Pacific Rim Mining Corp. Decision pursuant to section 92 of The Securities Act, 1988

December 27, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Pacific Rim Mining Corp. is no longer a reporting issuer.

 


 

Securities – Order in the Matter of Hunter's Run CP, LLLP et al

December 23, 2013 - The Financial and Consumer Affairs Authority issued an Order in the Matter of Hunter's Run CP, LLLP, Henry Whitfield Bert Stuckless, and Marco-Abel Nordio.

 

For more information, please contact:

Dallas Smith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5843
Fax:  (306) 787-5899
Email: dallas.smith@gov.sk.ca

 


 

Securities – Bonnett's Energy Corp. Decision pursuant to section 92 of The Securities Act, 1988

December 20, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Bonnett's Energy Corp. is no longer a reporting issuer.

 


 

Securities − CSA Staff Notice 91-303 and Request for Comment Proposed Model Provincial Rule on Mandatory Central Counterparty Clearing of Derivatives

December 19, 2013 - We, the Canadian Securities Administrators OTC Derivatives Committee (the “Committee”) are publishing for a comment period expiring on March 19, 2014:

  • Proposed Model Provincial Rule on Mandatory Central Counterparty Clearing of Derivatives (the “Central Counterparty Clearing Rule”), and
  • Proposed Model Explanatory Guidance to Model Provincial Rule on Mandatory Central Counterparty Clearing of Derivatives (the “Central Counterparty Clearing EG”).

 

 

For more information, please 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 – CSA Notice of Amendments to NI 31-103 and to NI 31-103CP, Dispute Resolution Services

December 19, 2013 - The Canadian Securities Administrators (the CSA or we) are implementing amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103 or the Rule) as well as Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations (31-103CP or the Companion Policy) relating to the provision of dispute resolution services to clients of all registered dealers and registered advisers (collectively, the Amendments). We refer to the Rule and Companion Policy as the “Instrument”.

 

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 – Order in the Matter of C2 Ventures Inc. and Monte Dobson

December 19, 2013 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Order in the Matter of C2 Ventures Inc. and Monte Dobson.

 

For more information contact:

Pat Murray, Registrar
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5646
Fax:  (306) 787-9006
Email: pat.murray@gov.sk.ca

 


 

Securities – CSA Multilateral Staff Notice 24-309 - Publication of Clearing Agency Requirements in Ontario, Quebec and Manitoba

December 18, 2013 - CSA Multilateral Staff Notice 24-309 - Publication of Clearing Agency Requirements in Ontario, Quebec and Manitoba.

Staff of the securities regulatory authorities in British Columbia, Alberta, Saskatchewan, New Brunswick and Nova Scotia are publishing this CSA Multilateral Staff Notice to alert our market participants of proposed rules and related companion policies that are being published for comment today in Ontario, Quebec and Manitoba.

 

For more information, please 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 – Extending Order in the Matter of Risk Capital International et al

December 18, 2013 - The Financial and Consumer Affairs Authority issued an Extending Order in the Matter of Risk Capital International, Risk CapitalFX International, Magnus Carlson and Matthew Cannon.

 

For more information, please contact:

Dallas Smith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5843
Fax:  (306) 787-5899
Email: dallas.smith@gov.sk.ca

 


 

Securities – CSA Staff Notice 81-323 - Status Report on Consultation under CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees

December 17, 2013 - CSA Staff Notice 81-323 - Status Report on Consultation under CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees.

On December 13, 2012, the Canadian Securities Administrators (CSA or we) published for comment CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees (the Discussion Paper).  This notice provides a summary of the key comments received on the Discussion Paper through the comment process and subsequent in-person consultations.

 

For more information please contact:

Heather Kuchuran, CA, Senior Securities Analyst
Corporate Finance Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5849
Fax:  (306) 787-1009
Email: heather.kuchuran@gov.sk.ca

 


 

Securities – CSA Staff Notice 33-316 - Status Report on Consultation under CSA Consultation Paper 33-403

December 17, 2013 - 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

 

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
Phone:  (306) 787-5879
Fax:  (306) 787-5899
Email: sonne.udemgba@gov.sk.ca

 


 

Securities – Stay Gold Inc. Decision pursuant to section 92 of The Securities Act, 1988

December 16, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Stay Gold Inc. is no longer a reporting issuer.

 


 

Securities – Raymond James & Associates, Inc. Decision pursuant to section 44 and 160 of The Securities Act, 1988

December 16, 2013 - Decision pursuant to section 44 and 160 of The Securities Act, 1988.

 


 

Securities – ESI Entertainment Systems Inc. Decision pursuant to section 92 of The Securities Act, 1988

December 16, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that ESI Entertainment Systems Inc. is no longer a reporting issuer.

 


 

Securities – Notice in the Matter of Alena Marie Pastuch et al

December 16, 2013 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a notice in the Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd., and Cryptguard Ltd.

 

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
Phone:  (306) 787-5879
Fax:  (306) 787-5899
Email: sonne.udemgba@gov.sk.ca

 


 

Securities – Decision of the Court of Appeal for Saskatchewan in the Matter of Alena Marie Pastuch et al

December 13, 2013 – Decision of the Court of Appeal for Saskatchewan in the Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and 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 − CSA Notice 81-324 and Request for Comment Proposed CSA Mutual Fund Risk Classification Methodology for Use in Fund Facts

December 12, 2013 - The Canadian Securities Administrators (the CSA or We) are publishing for a 90 day comment period a CSA risk classification methodology for use by mutual fund managers in the Fund Facts document.

The CSA developed the Proposed Methodology in response to stakeholder feedback that the CSA has received throughout the implementation of the point of sale disclosure framework for mutual funds (the Framework), notably that a standardized risk classification methodology proposed by the CSA would be more useful to investors, as it would provide a consistent and comparable basis for measuring the risk of different mutual funds.

We expect that the Proposed Methodology could be used in documents similar to the Fund Facts as we move forward with summary disclosure documents for other types of publicly offered investment funds, particularly exchange-traded funds (ETFs). Comments due:  March 14, 2014.

 

For more information please contact:

Heather Kuchuran, CA, Senior Securities Analyst
Corporate Finance Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5849
Fax:  (306) 787-1009
Email: heather.kuchuran@gov.sk.ca

 


 

Securities – The Financial and Consumer Affairs Authority of Saskatchewan has issued a Decision in the Matter of Ocean InternationaL Ltd et al

December 11, 2013 - The Financial and Consumer Affairs Authority has issued an Extending Order in the Matter of Ocean International Ltd, Wealth Capital Corp, Manhattan Capital Corp, James Lee, Jamie Lyons, Jamie Marsh and Roger White.

 

Dallas Smith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5843
Fax:  (306) 787-5899
Email: dallas.smith@gov.sk.ca

 


 

Securities - Notice of Implementation - Saskatchewan Equity Crowdfunding Exemption

December 6, 2013 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) implemented General Order 45-925 Saskatchewan Equity Crowdfunding Exemption (GO 45-925) on December 6, 2013.  The text of GO 45-925 and related forms can be found on the FCAA website at www.fcaa.gov.sk.ca

You can also find on the website information pieces for portals, businesses and investors.  These documents are living documents.  We welcome any comments on improvements we can make to them.     

After informal consultation, GO 45-925 was published for a formal 30 day comment on October 7, 2013. We received submissions from 8 commentators.  We would like to thank all those who participated in consultation on this exemption for their thoughtful input. Attached is Appendix A Summary of Comments and Responses.

 

Purpose

Crowdfunding is raising money from the public through an online funding portal.  Essentially the business is raising capital from the crowd over the internet.

General Order 45-925 Saskatchewan Equity Crowdfunding Exemption (GO 45-925) is a waiver on certain conditions of the prospectus and registration requirements of The Securities Act, 1988(Saskatchewan) (the Act) for start-up and small businesses that allows them to raise capital through crowdfunding by selling their securities (shares, limited partnership units, promissory notes, etc.).  It is designed to help start-up and small businesses raise capital in a simple efficient manner while at the same time maintaining an appropriate level of public protection.

 

Changes made to GI 45-925 as a result of the publication for comment

As a result of comments received we made the following material changes to GO 45-925:

  • We made it clear this exemption could be used concurrently with other exemptions in securities legislation
  • We made it clear that portals could charge for their services
  • We added a requirement that portals could not be related to businesses making offerings through them
  • We made it clear that funds being held in trust for investors pending the closing of an offering must be held by a lawyer.

 

 

Please refer your questions to:

Dean Murrison
Director, Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Phone: (306) 787- 5842
Email: dean.murrison@gov.sk.ca

 


 

Securities − Notice of and Request for Comment on Proposed Amendments to NI 31-103, NI 33-109, NI 52-107, and to Related Policies and Forms

December 5, 2013 - The Canadian Securities Administrators (the CSA or we) are seeking comments on proposals to amend the current regulatory framework for dealers, advisers and investment fund managers.

We are proposing amendments, which range from technical adjustments to more substantive matters, the purpose of which is to promote stronger investor protection by resolving ambiguities and clarifying our intentions, which will enhance compliance. In our view, the proposed amendments will also create efficiencies for industry and regulators.

The instruments affected by these proposed amendments are as follows:

  • National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103 or the Rule),
  • Companion Policy 31-103CP Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103CP or the Companion Policy),
  • National Instrument 33-109 Registration Information (NI 33-109) and its appended forms (Forms),
  • Companion Policy 33-109CP Registration Information (NI 33-109CP),
  • National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards (NI 52-107), and
  • Companion Policy 52-107CP Acceptable Accounting Principles and Auditing Standards (NI 52-107CP).

 

For more information, please 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 – Temporary Order in the Matter of Risk Capital International et al

December 3, 2013 - The Financial and Consumer Affairs Authority issued a Temporary Order in the Matter of Risk Capital International, Risk CapitalFX International, Magnus Carlson and Matthew Cannon.

 

For more information, please contact:

Dallas Smith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5843
Fax:  (306) 787-5899
Email: dallas.smith@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