Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Tel: (306)787-5645
Fax: (306)787-5899
Email: fcaa@gov.sk.ca
Securities – Regulations – Securities Regulation Amendment, 2025
February 28, 2025 - The Financial and Consumer Affairs Authority (FCAA) is publishing The Securities Amendment Regulations, 2025 (Fee Amendment Regulations). The Fee Amendment Regulations become effective March 3, 2025. The amendments update The Securities Regulations (Regulations) to align with recent changes to National Instrument 41-101 General Prospectus Requirements (NI 41-101) and National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101), modernizing the prospectus filing model for investment funds. Additionally, the amendments to the Regulations codify the exemption for shelf prospectus supplement fees, initially introduced through Exemption Order 43-501 – Filing Fees for Shelf Prospectus Supplements, including Pricing Supplements under National Instrument 44-102 Shelf Distributions (GO 43-501) issued in 2019, and include other housekeeping updates.
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 – Act – Coming into Force – The Securities (Saskatchewan Investors Protection) Amendment Act, 2024 (Certain Provisions)
February 28, 2025 - The Financial and Consumer Affairs Authority (FCAA) is announcing the coming into force of certain provisions of The Securities (Saskatchewan Investors Protection) Amendment Act, 2024 (Amendment Act) on February 1, 2025. Specifically, the following sections will take effect: Subsections 10(1), (2), and (4); Section 11; and Section 15 of the Amendment Act. These changes increase the maximum administrative penalty for violations of securities laws from $100,000 to $1 million, aligning Saskatchewan with most other Canadian jurisdictions. Additionally, the amendments grant the Securities Commission the authority to take further measures to ensure compliance with securities laws, alongside other housekeeping updates.
The remaining provisions of the Amendment Act will be proclaimed in due course.
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 – Revocation Order in the Matter of General Order 43-501 – Filing Fees for Shelf Prospectus Supplements, including Pricing Supplements under National Instrument 44-102 Shelf Distributions
February 28, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Revocation Order revoking General Order 43-501 – Filing Fees for Shelf Prospectus Supplements, including Pricing Supplements under National Instrument 44-102 Shelf Distributions (GO 43-501) effective on March 3, 2025. The Securities Amendment Regulations, 2025 (the Fee Amendments), which will come into force on March 3, 2025 codify the fee changes currently reflected in GO 43-501. Therefore, the existing GO 43-501 is no longer required.
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 – The Securities Commission (Adoption of National Instruments) (NI 41-101, NI 81-101 and NI 81-106) Amendment Regulations, 2025
February 26, 2025 – Today the Financial and Consumer Affairs Authority of Saskatchewan is publishing The Securities Commission (Adoption of National Instruments) (NI 41-101, NI 81-101 and NI 81-106) Amendment Regulations, 2025.
This amendment regulation modernizes the prospectus filing model for investment funds, with a particular focus on investment funds in continuous distribution. The CSA’s modernization will better reflect the shift from the delivery of the prospectus to the delivery of the Fund Facts and ETF Facts to investors and reduce unnecessary regulatory burden imposed by the current prospectus filing requirements under securities legislation on investment funds without affecting the currency or accuracy of the information available to investors to make an informed investment decision. The fund facts document and the ETF facts document will continue to be filed annually and will continue to be delivered to investors under the current delivery requirements.
The amendment regulation will come into force on March 3, 2025.
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 - Temporary Exemption from Certain Derivatives Data Reporting Requirements
February 20, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan is publishing the General Order 96-933 Temporary Exemption from Certain Derivatives Data Reporting Requirements.
This order provides market participants with exemptions for a limited time to enable them to continue to report unique product identifiers for commodity derivatives as required under the current trade reporting rules. The order will also enable designated and recognized trade repositories to reflect this exemption in their validation procedures.
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 - CSA Multilateral Discussion Paper 11-406 - CSA Financial Innovation Hub Introduces Collaboratory and Data Portability Test
February 18, 2025 - The Canadian Securities Administrators published CSA Multilateral Discussion Paper 11-406 - CSA Financial Innovation Hub Introduces Collaboratory and Data Portability Test.
The purpose of this discussion paper is to introduce the first test within the CSA Collaboratory, which will focus on the theme of Data Portability; and consult with market participants, investor protection associations, and other concerned stakeholders to better understand the legal, technological and practical issues facing registrants and other market participants who may be legally required to port or share client information on request.
The comment period ends May 19, 2025.
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
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Tel: (306)787-5645
Fax: (306)787-5899
Email: fcaa@gov.sk.ca