December 2024

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

December 2024

Securities - Decision in the Matter of NDAX Canada Inc.

December 20, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of NDAX Canada Inc., exempting them from certain reporting requirements under Part 3, Data Reporting of Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting.

Decision

For more information contact:

Graham Purse
Financial and Consumer Affairs Authority
Legal Counsel, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-5867
Fax: 306-787-5899
Email: graham.purse2@gov.sk.ca

Securities - Local Notice of Implementation - Amendments to National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions

December 20, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan is publishing a Local Notice of Implementation - Amendments to National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions. The Amendment is aimed at permitting Saskatchewan co-operatives to utilize the crowdfunding exemption in National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions.

For more information contact:

Graham Purse
Financial and Consumer Affairs Authority
Legal Counsel, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-5867
Fax: 306-787-5899
Email: graham.purse2@gov.sk.ca

Securities - Decision in the Matter of CNSX Markets Inc.

December 18, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of CNSX Markets Inc., relief from the requirement to be recognized as an exchange.

Decision

For more information, contact:

Mobolanle Depo-Fajumo
Financial and Consumer Affairs Authority
Legal Counsel, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-798-3381
Fax: 306-787-5899
Email: mobolanle.depofajumo2@gov.sk.ca

Securities – Designation Order 44-906 in the Matter of CNSX Markets Inc.

December 18, 2024 –The Financial and Consumer Affairs Authority of Saskatchewan is publishing Designation Order 44-906 in the Matter of CNSX Markets Inc. It is hereby ordered that CNSX Markets Inc. is designated as a designated exchange for the purposes of NI 62-104 and that the designation will remain in effect for as long as that which is outlined in the Designation Order apply.

44-906 Designation Order in the Matter of CNSX Markets Inc. - December 18, 2024

For more information, contact:

Securities - Decision in the Matter of Carta Capital Markets, LLC

December 16, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of Carta Capital Markets, LLC, revoking their January 21, 2022 decision.

Decision

For more information contact:

Graham Purse
Financial and Consumer Affairs Authority
Legal Counsel, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-5867
Fax: 306-787-5899
Email: graham.purse2@gov.sk.ca

Securities - Order Setting Hearing Dates in the Matter of Ron Ochitwa

December 13, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan is posting the Order Setting Hearing Dates in the Matter of Ron Ochitwa dated December 13, 2024. The merits component of the hearing for this matter shall proceed on February 10, 2025 at 9:00 am (CST) and continue, if necessary, on February 11 and 12, 2025 and any other such dates and times as may be determined by the Hearing Panel.

Ochitwa - Order Setting Hearing Dates - December 13, 2024

For more information contact:

Darcy Dumont
Financial and Consumer Affairs Authority
Legal Counsel, Litigation, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-5843
Fax: 306-787-5899
Email: darcy.dumont@gov.sk.ca

Securities - CSA Staff Notice 11-312 (Revised), National Numbering System

December 12, 2024 - The Canadian Securities Administrators today published CSA Staff Notice 11-312 (Revised), National Numbering System. This Notice adds information on the numbering of CSA coordinated blanket orders and is a revised version of CSA Staff Notice 11-312, as published on February 6, 2009 and revised on February 19, 2010 and on January 29, 2015.

CSA Staff Notice 11-312, National Numbering System (Revised)

For more information contact:

Sonne Udemgba
Financial and Consumer Affairs Authority of Saskatchewan
Director, Legal, Securities Division
4th Floor, 2365 Albert Street
Regina, SK S4P 4K1
Tel: 306-787-5879
Fax: 306-787-5899
Email: sonne.udemgba@gov.sk.ca

Securities - CSA Staff Notice 13-315 (Revised), Securities Regulatory Authority Closed Dates 2025

December 5, 2024 - The Canadian Securities Administrators today published CSA Staff Notice 13-315 (Revised), Securities Regulatory Authority Closed Dates 2025. Included is a list of the closed dates of the securities regulatory authorities for 2025 and January 2026. Issuers should note these dates in structuring their affairs.

CSA Staff Notice 13-315 (Revised)

For more information contact:

Heather Kuchuran
Financial and Consumer Affairs Authority of Saskatchewan
Director, Corporate Finance, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-1009
Fax: 306-787-5899
Email : heather.kuchuran@gov.sk.ca

Securities - CSA Staff Notice and Consultation 11-348, Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets

December 5, 2024 - The Canadian Securities Administrators published CSA Staff Notice and Consultation 11-348, Applicability of Canadian Securities Laws and the use of Artificial Intelligence Systems in Capital Markets.

CSA is posting this to provide clarity and guidance on how securities legislation applies to the use of AI systems by market participants including registrants, non-investment fund reporting issuers, marketplaces and marketplace participants, clearing agencies and matching service utilities, trade repositories, designated rating organizations and designated benchmark administrators. This Notice outlines selected requirements under securities law that market participants should consider during an AI system’s lifecycle and provides guidance on how we interpret them in this context. Guidance provided in this Notice is based on existing securities laws and does not create any new legal requirements, nor modify existing ones.

CSA Consultation Paper

The comment period ends March 31, 2025.

For more information contact:

Securities - Notice of First Appearance in the Matter of Ron Ochitwa

December 4, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan is publishing a Notice of First Appearance in the Matter of Ron Ochitwa.

Take notice that Ron Ochitwa or a representative are to attend before a Panel of the Financial and Consumer Affairs Authority of Saskatchewan via videoconference on December 11, 2024 at 9:00 a.m. (CST) to set a date for a hearing into the matters alleged in the Statement of Allegations dated August 29, 2024.

Ochitwa - Notice of First Appearance - November 2024_Redacted

For more information contact:

Securities - Coordinated Blanket Order 51-931 Temporary Exemptions for certain proxy-related Materials during postal strike in respect of National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer

December 4, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan is publishing the Coordinated Blanket Order 51-931 Temporary Exemptions for certain proxy-related Materials during postal strike in respect of National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer and CSA Notice regarding Coordinated Blanket Order 51-931 Temporary Exemption from Requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to Send Certain Proxy-Related Materials During a Postal Strike.

Due to the suspension of postal service, reporting issuers are currently unable to deliver proxy-related materials using Canada Post. Courier delivery may be cost-prohibitive and may not be a feasible alternative in any case, since we understand that couriers may not be accepting high-volume delivery requests and may be unable to deliver to post office boxes. Electronic delivery can only be effected where shareholders have consented and provided e-mail addresses.

Given that a number of reporting issuers have scheduled meetings for annual matters in accordance with their corporate law or exchange requirements, and it is unclear when the postal suspension will end, the CSA is taking the extraordinary step of providing temporary relief from the requirement to deliver proxy-related materials for such meetings.

For more information, contact:

Graham Purse
Financial and Consumer Affairs Authority
Legal Counsel, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-5867
Fax: 306-787-5899
Email: graham.purse2@gov.sk.ca

December 4, 2024

Securities - Canadian securities regulators publish summary of 2024 Systemic Risk Survey results

MONTRÉAL AND TORONTO – The Canadian Securities Administrators (CSA) today published a summary of the results from its third annual systemic risk survey. The results of this survey provide the CSA with important information on market participants’ views about the stability of the Canadian financial system.

The survey was completed by 536 Canadian portfolio managers and investment dealers between October 10 and November 4, 2024. Overall, respondents indicated that they were less concerned about Canadian financial stability than last year. In addition, concern about the level of interest rates fell sharply in this year’s survey and was no longer the top concern for market participants. A likely key factor to this change was the recent and expected reductions in interest rates. Their main concerns at the time of the survey were household debt, cyber vulnerabilities, the geopolitical environment, and the housing market.

“It's encouraging to see the results from our third systemic risk survey, which indicates a positive view of financial stability in the Canadian capital markets,” said Stan Magidson, CSA Chair and Chair and CEO of the Alberta Securities Commission. “We would also like to acknowledge the industry for their participation. With year-over-year growth in survey participation, we are able to gather critical information on changing risk perceptions in this new interest rate environment.”

To read more about the survey and key findings, please visit the CSA website.

The CSA, the council of the securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

For investor inquiries, please contact your local securities regulator.

For media inquiries, please contact:

Ilana Kelemen
Canadian Securities Administrators
media@acvm-csa.ca

Securities - Decision in the Matter of Golden Opportunities Fund Inc.

December 2, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of Golden Opportunities Fund Inc., exempting them from certain of requirements of National Instrument 81-106 - Investment Fund Continuous Disclosure.

Decision

For more information contact:

Graham Purse
Financial and Consumer Affairs Authority
Legal Counsel, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-5867
Fax: 306-787-5899
Email: graham.purse2@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