February 2014

February 2014

 

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Securities – Costal Energy Company Decision pursuant to section 92 of The Securities Act, 1988

February 27, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that Costal Energy Company is no longer a reporting issuer.

 


 

Securities – CSA Notice and Request for Comment - Proposed Amendments to NI 45-106

The Canadian Securities Administrators (CSA) today published for comment proposed amendments relating to the accredited investor prospectus exemption (AI exemption) and the minimum amount investment prospectus exemption (MA exemption) in National Instrument 45-106 Prospectus and Registration Exemptions.  

The proposed amendments include, among other things: 

  1. a new risk acknowledgment form for individual accredited investors that describes, in plain language, the categories of individual accredited investor, and the protections an investor will not receive by purchasing under the AI exemption; and
  2. restricting the MA exemption to distributions to non-individual investors.

“These amendments are intended to address investor protection concerns, while balancing the capital raising challenges facing issuers,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “Concerns include individual investors not understanding the risks of investing under the AI exemption, and individuals investing more than they can afford to meet the requirements of the MA exemption.” 

The proposed amendments would also amend the definition of accredited investor in Ontario to allow fully managed accounts to purchase investment fund securities using the managed account category of the AI exemption, as is permitted in other Canadian jurisdictions. The Ontario Securities Commission’s proposal to make this change would harmonize this category of the AI exemption in Canada. 

The proposed amendments are the result of a comprehensive review by the CSA of both the AI and MA exemptions that involved stakeholder consultation across Canada, a review of enforcement cases and a thorough examination of data from exempt distribution reports filed over a 12-month period.

The CSA notice and the proposed amendments are available on CSA members’ websites. The comment period is open until May 28, 2014.

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

 

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 – Notice of First Appearance in the Matter of Kevin Kelly Krause

February 26, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan Notice of First Appearancein the Matter of Kevin Kelly Krause.

 

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 – Greystone Managed Investments Inc. Decision pursuant to NI 31-103

February 26, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan has made a Decision pursuant to Nation Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations In The Matter of Greystone Managed Investments Inc.

 


 

Securities – Channel Resources Ltd. Decision pursuant to section 92 of The Securities Act, 1988

February 17, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that Channel Resources Ltd. is no longer a reporting issuer.

 


 

Securities – Reciprocal Order in the Matter of Frederick Lawrence Marlatt, aka Frederick Lawrence Mitshcele, and Michael Wallace Minor

February 20, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Reciprocal Order in the Matter of Frederick Lawrence Marlatt, also known as Frederick Lawrence Mitshcele, and Michael Wallace Minor.

 

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 – Morgan Stanley & Co. LLC Decision pursuant to section 83 of The Securities Act, 1988

February 20, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan has made a Decision pursuant to section 83 of The Securities Act, 1988 that Morgan Stanley & Co. LLC is exempt, with provisions, from the requirement to be registered as a dealer in order to trade exchange contracts, cleared over-the-counter derivatives and cleared swaps with or for permitted clients as defined in section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations on exchanges located outside of Saskatchewan.

 


 

Securities – Order for costs in the Matter of I.W.F. Incorporated et al

February 18, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Order for costs in the Matter of I.W.F Incorporated also known as I.W.F. Inc., Keystone Explorations, Global Capital and Asset Management, Jack Shore.

 

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 – RBC Capital Trust II Decision pursuant to section 92 of The Securities Act, 1988

February 17, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that RBC Capital Trust II is no longer a reporting issuer.

 


 

Securities – First Uranium Corporation Decision pursuant to section 92 of The Securities Act, 1988

February 13, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that First Uranium Corporation is no longer a reporting issuer.

 


 

Securities – Order in the Matter of Kethleen Waite (also known as Kathy Waite)

February 13, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Order in the Matter of Kathleen Waite (also known as Kathy Waite) .

 

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 – Notice of First Appearance in the Matter of Paradigm Portfolio Management Corporation et al

February 12, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Notice of First Appearance in the Matter of Paradigm Portfolio Management Corporation, Kyle Kozuska, Jerome Meckelborg, also known as Jerry Meckelborg, and Mark Meckelborg.

 

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 – Novus Energy Inc. Decision pursuant to section 92 of The Securities Act, 1988

February 11, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that Novus Energy Inc. is no longer a reporting issuer.

 


 

Securities – Decision in the Matter of Landbankers International MX, S.A. De C.V

February 6, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Decision in the Matter of Landbankers International MX, S.A. De C.V.

 

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 – Order in the Matter of Ocean International Ltd et al

February 5, 2014 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Order in the Matter of Ocean International Ltd et al.

 

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 – Edgecrest Capital Holdings Inc. Notice pursuant to section 11.9 of NI 31-103

February 6, 2014 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter regarding Notice pursuant to sections 11.9 and 11.10 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103).

 


 

Securities – Plazacorp Retail Properties Ltd. Decision pursuant to section 92 of The Securities Act, 1988

February 6, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that Plazacorp Retail Properties Ltd. is no longer a reporting issuer.

 


 

Securities – WSP Canada Inc. Decision pursuant to section 92 of The Securities Act, 1988

February 5, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that International Securities Corporation is no longer a reporting issuer.

 


 

Securities – International Minerals Corporation Decision pursuant to section 92 of The Securities Act, 1988

February 5, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that International Minerals Corporation is no longer a reporting issuer.

 


 

Securities – Kimber Resources Inc. Decision pursuant to section 92 of The Securities Act, 1988

February 3, 2014 - Decision pursuant to section 92 of The Securities Act, 1988 that Kimber Resources Inc. is no longer a reporting issuer.

 

 

 

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