January 2025

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

January 2025

Securities - Decision in the Matter of VirgoCX Inc.

January 30, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of VirgoCX Inc., which grants them a time-limited extension of relief from certain prospectus, suitability, and trade reporting requirements originally granted on May 30, 2022, extended on May 30, 2024, and extended again on January 30, 2025.

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 - CSA Notice and Request for Comment Proposed Amendments to National Instrument 23-101 Trading Rules and Proposed Changes to Companion Policy 23-101 Trading Rules

January 23, 2025 - Today the Financial and Consumer Affairs Authority of Saskatchewan are publishing CSA Notice and Request for Comment Proposed Amendments to National Instrument 23-101 Trading Rules and Proposed Changes to Companion Policy 23-101 Trading Rules.
The Proposed Amendments would continue to align the maximum fee for executing an order involving a U.S. Inter-listed Security priced at CAD 1.00 or more with the reduced trading fee caps adopted by the U.S. Securities and Exchange Commission (SEC) on September 18, 2024 and originally planned to be implemented on November 3, 2025. On December 12, 2024, the SEC announced an order granting a partial stay on the implementation of the rules pending judicial review of the proposals by the United States Court of Appeals for the District of Columbia Circuit.
If approved, it is intended that the Proposed Amendments, Proposed CP Changes and Proposed UMIR Amendments would come into force on the implementation date for the SEC rules or as soon as practicable thereafter. The Proposed Amendments and Proposed CP Changes will not come into effect before the SEC’s stay is lifted and its rules are implemented.

Comment Period Ends: March 24, 2025
For more information contact:

Liz Kutarna
Financial and Consumer Affairs Authority of Saskatchewan
Director, Capital Markets
Securities Division
4th Floor, 2365 Albert Street
Regina, SK S4P 4K1
Bus: 306-787-5871
Fax: 306-787-5899
Email: liz.kutarna@gov.sk.ca

Securities - Order Re: Request for Adjournment in the matter of Ron Ochitwa

January 23, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan published an Order for Re: Request for Adjournment. With information that the merits component of the hearing was to proceed on February 10, 2025, with continuance on February 11th & 12th, if needed. However, a request for adjournment was requested by Legal Counsel, this request was granted. With the granting of the adjournment the new dates for the Merits component of the matter will now be proceeding on the new date of April 14, 2025 at 9:00am (CST), with continuance on April 15th & 16th, 2025, if needed.

Order for Re: Request for Adjournment

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 - Notice of Teleconference in the Matter of Ron Ochitwa

January 17, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan published a notice of Teleconference for the date of January 22, 2025.

Notice of Teleconference

For more information contact:

Securities - Decision in the Matter of Shakepay Inc.

January 9, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of Shakepay Inc., exempting them from the prospectus requirements in respect of Shakepay Inc. entering into Crypto Contracts with clients to purchase, hold, sell, deposit, and withdraw Crypto Assets and from certain reporting requirements under Part 3, Data Reporting of Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting.

Decision - AMF signed
Decision - OSC signed

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