January 2013
Securities Division
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Tel: (306)787-5645
Fax: (306)787-5899
Email: fcaa@gov.sk.ca
January 2013
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Securities – Revocation Order issued in the Matter of Red Coat Cattle Feeders Inc.
January 31, 2013 - Financial and Consumer Affairs Authority issued a Revocation Order in the Matter of Red Coat Cattle Feeders Inc.
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 − Fiera Capital Inc. approval of notice pursuant to subsection 11.9 of NI 31-103
January 28, 2013 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter issued Re: proposed transaction involving the acquisition of a substantial part of the assets of UBS Global Asset Management (Canada) Inc. by Fiera Capital Corporation 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 – The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) Notice of Adjournment in the Matter of Alena Marie Pastuch et al
January 25, 2013 – Notice of Adjournment in the Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and Cryptguard Ltd. This matter was adjourned sine die while the Hearing panel awaits further information so that it can determine when the hearing is to continue.
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 − Fidelity Asset Management Inc. approval of notice pursuant to subsection 11.9 of NI 31-103
January 24, 2013 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter issued Re: Purchase of shares of Fidelity Asset Management Inc. by Placements Louisbourg Investments/Louisbourg Investmennts Inc. 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 New Brunswick Securities Commission.
Securities – CSA Notice and Request for Comments on Proposed Amendments Facilitating CSA Information Technology Arrangements
January 24, 2013 - The Financial and Consumer Affairs Authority is publishing CSA Notice and Request for Comments on Proposed Amendments Facilitating CSA Information Technology Arrangements. The comment period ends April 24, 2013.
- CSA Notice and Request for Comments
- Annex A - Proposed National Instrument 13-102 System Fees for SEDAR and NRD
- Annex B - Comparison of Existing Charges to Proposed Fees in NI 13-102
- Annex C - Proposed Amendments to National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR)
- Annex D - Proposed Amendments to National Instrument 31-102 National Registration Database
- Annex E - Proposed Amendments to National Instrument 55-102 System for Electronic Disclosure by Insiders (SEDI)
- Annex F - Authority for the Instrument
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 – WesternZagros Resources Ltd. Decision pursuant to section 92 of The Securities Act, 1988
January 23, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that WesternZagros Resources Ltd.is no longer a reporting issuer.
Securities – The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued General Order 45-923 Designation of Investment Funds as Reporting Issuers for Certain Purposes
January 22, 2013 - The Financial and Consumer Affairs Authority of Saskatchewan(FCAA) has issued General Order 45-923 Designation of Investment Funds as Reporting Issuers for Certain Purposes.
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 – World Heart Corporation Decision pursuant to section 92 of The Securities Act, 1988
January 18, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that World Heart Corporation is no longer a reporting issuer.
Securities – CSA Staff Notice 31-332 - Relevant Investment Management Experience For Advising Representatives and Associate Advising Representatives of Portfolio Managers
January 17, 2013 - The Canadian Securities Administrators (CSA) published CSA Staff Notice 31-332. This notice provided applicants for AR and AAR registration with a summary of decisions about relevant investment management experience. Prospective applicants are to consider the information in this notice when deciding whether to apply for AR or AAR registration, and when preparing for application.
For more information, please contact:
Curtis Brezinski, Compliance Auditor
Securities Division
Financial and Consumer Affairs Authority
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5876
Fax: (306) 787-5899
Email: curtis.brezinski@gov.sk.ca
Securities – Potash Corporation of Saskatchewan Inc. Decision pursuant to section 83 of The Securities Act, 1988
January 16, 2013 - The Financial and Consumer Affairs Authority of Saskatchewan Decision pursuant to section 83 of The Securities Act, 1988 In the Matter of Potash Corporation of Saskatchewan Inc.
Securities – CSA Consultation Paper 91-301 - Model Provincial Rules - Derivatives Product Determination and Trade Repositories and Derivatives Data Reporting
January 15, 2013 - The Canadian Securities Administrators (CSA) published CSA Staff Consultation 91-301 on December 6, 2012 requesting comment for Model Provincial Rule Derivatives: Product Determination (Product Determination Rule) and Model Provincial Rule Trade Repositories and Derivatives Data Reporting (TR Rule), collectively referred to as the “Model Reporting Rules”. The Financial and Consumer Affairs Authority of Saskatchewan is publishing today.
The proposed Model Reporting Rules:
- define the types of contracts or instruments that are required to be reported to a trade repository;
- establish requirements for the operation of trade repositories; and,
- establish requirements for transaction data reporting.
The reporting of derivatives transactions to trade repositories is one of the most important components of the G-20 commitments to global reform of the over-the-counter (OTC) derivatives markets. Since November 2010, the CSA has published for comment a series of Consultation Papers that recommend proposals to regulate the OTC derivatives markets in Canada. These Model Reporting Rules mark the first policy action resulting from the consultation and will pave the way for other future rules that are essential to the regulation of OTC derivatives transactions and the improvement of market transparency.
“Trade repositories and the requirement to report OTC derivatives contracts to trade repositories will improve transparency in the derivatives markets, mitigate systemic risk and protect against market abuse,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission.
The Product Determination Rule identifies the contracts or instruments that are required to be reported to a trade repository. The TR Rule describes requirements for the operation and ongoing regulation of designated or recognized trade repositories, and the mandatory reporting of derivatives transaction data by market participants. In addition to these Model Reporting Rules, a number of future proposed model rules will be published for comment that relate to the key areas addressed by the Consultation Papers. Together, all the model rules will formulate a proposed regime for the regulation of the OTC derivatives markets. The model rule process is further described in CSA Staff Consultation 91-301, which accompanies the Model Reporting Rules.
The proposed Model Reporting Rules can be found on CSA members’ websites and the comment period in Saskatchewan is open until March 16, 2013.
The CSA, the umbrella organization comprising the securities regulators of Canada’s provinces and territories, coordinates and harmonizes the regulation the Canadian capital markets.
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 – PRT Growing Services Ltd. Decision pursuant to section 92 of The Securities Act, 1988
January 14, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that PRT Growing Services Ltd. is no longer a reporting issuer.
Securities – Progress Energy Canada Ltd. Decision pursuant to section 92 of The Securities Act, 1988
January 11, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Progress Energy Canada Ltd. is no longer a reporting issuer.
Securities - The Financial and Consumer Affairs Authority (FCAA) has issued a Settlement Agreement and Order In the Matter of Joseph Scott Banbury
January 10, 2013 - The Financial and Consumer Affairs Authority (FCAA) has issued an Order In the Matter of Joseph Scott Banbury. The FCAA issued the Settlement Agreement in this matter on December 21, 2012.
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 – Canadian Securities Regulators Adopt Amendments to Improve Scholarship Plan Disclosure for Investors
January 10, 2013 - The Canadian Securities Administrators (CSA) announced today the adoption of amendments to National Instrument 41-101 General Prospectus Requirements and Form 41-101F2 Information Required in an Investment Fund Prospectus, which are designed to provide investors with enhanced disclosure about scholarship plans.
The adopted amendments represent an important step in modernizing the regulation of scholarship plans by introducing Form 41-101F3 Information Required in a Scholarship Plan Prospectus, a new prospectus form that is tailored to the unique features of scholarship plans.
Central to the new form is the Plan Summary, a short, concise document that provides investors with key information in a simple, accessible and comparable format. The Plan Summary is in plain language and provides important information about the potential risks and costs of investing in a scholarship plan.
"Saving for a child’s education is an important step in investment planning and these materials are aimed at providing families with information in an easy-to-understand format in order to help them make an informed investment decision,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission.
A copy of the Notice and related materials can be found on the websites of CSA members. In some jurisdictions, ministerial approvals are required to implement the amendments. If all such approvals are obtained, the amendments will come into force on May 31, 2013.
The CSA, the council of the securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.
- CSA Notice of Amendments
- Appendix A - Summary of Key Changes
- Appendix B - Summary of Comments on the Instrument
- Appendix C - Sample Plan Summary
- Appendix D - Schedule 1 - Amendments to National Instrument 41-101 - General Prospectus Requirements
- Appendix D - Schedule 2 - Form 41-101F3
- Appendix E - Changes to Companion Policy 41-101CP
- Annex I - Local Authority for the Instrument
For more information contact:
Tony Herdzik, Deputy Director
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) 787-5899
Email: tony.herdzik@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