July 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
July 2013
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Securities – Ontario Ministry of the Attorney General Notice: Civil Forfeiture Proceeding In the Matter of Al-Tar Energy Corp
July 31, 2013 - The Ontario Securities Commission and the Civil Remedies for Illicit Activities Office (CRIA), Ministry of the Attorney General of Ontario (AGO), have entered into a Memorandum of Understanding to exchange information and administer the Civil Remedies Act.
This Act, which is Ontario’s civil forfeiture law, allows the AGO to ask the civil court for an order to freeze, take possession of, and forfeit to the Crown, property that is determined to be a proceed or an instrument of unlawful activity.
This Notice pertains to the Al-Tar Energy Corp. matter. Commission documents related to this matter are available on the OSC website here.
Securities – Newedge Canada Inc. Decision pursuant to section 160 of the Securities Act, 1988
July 30, 2013 - Decision pursuant to section 160 of The Securities Act, 1988 in the Matter of Newedge Canada Inc.
Securities – Softchoice Corporation Decision pursuant to section 92 of The Securities Act, 1988
July 30, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Softchoice Corporation is no longer a reporting issuer.
Securities – Master Credit Card Trust Decision pursuant to section 92 of The Securities Act, 1988
July 29, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Master Credit Card Trust is no longer a reporting issuer.
Securities – Halo Resources Ltd. Decision pursuant to section 92 of The Securities Act, 1988
July 29, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Halo Resources Ltd. is no longer a reporting issuer.
Securities – Winstar Resources Ltd. Decision pursuant to section 92 of The Securities Act, 1988
July 29, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Winstar Resources Ltd. is no longer a reporting issuer.
Securities – KEYreit Decision pursuant to section 92 of The Securities Act, 1988
July 29, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that KEYreit is no longer a reporting issuer.
Securities – MethylGene Inc. Decision pursuant to section 92 of The Securities Act, 1988
July 26, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that MethylGene Inc. is no longer a reporting issuer.
Securities – CSA Notice 51-340 Update on proposed National Instrument 51-103 Ongoing Governance and Disclosure Requirements for Venture Issuers
July 25, 2013 - The Canadian Securities Administrators (CSA) update on proposed National Instrument 51-103 Ongoing Governance and Disclosure Requirements for Venture Issuers. The CSA initiated a project examining the venture market with the goal of creating a distinct regime that would be tailored to and benefit both venture issuers and venture investors and that would reinforce governance standards through substantive obligations, certification and disclosure. In May 2010, we published CSA Multilateral Consultation Paper 51-403 Tailoring Venture Issuer Regulation and conducted in-person consultations across the country exploring the feasibility of, and support for, this endeavor.
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 – The Financial and Consumer Affairs Authority of Saskatchewan Notice of Adjournment in the Matter of Alena Marie Pastuch et al
July 24, 2013 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Notice of Adjournment in the Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd., and Cryptguard Ltd. The hearing will commence on Tuesday September 10, 2013.
For more information 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 – Second Wave Petroleum Inc. Decision pursuant to section 92 of The Securities Act, 1988
July 23, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Second Wave Petroleum Inc. is no longer a reporting issuer.
Securities – CSA Staff Notice 31-334 - CSA Review of Relationship Disclosure Practices
July 18, 2013 - Canadian Securities Administrators Staff Notice 31-334 - CSA Review of Relationship Disclosure Practices. Staff from the Canadian Securities Administrators in various provinces (CSA staff or we) reviewed the relationship disclosure practices of registered portfolio managers (PMs) and exempt market dealers (EMDs) (the review). This notice summarizes our findings from the review and provides staff guidance on relationship disclosure information (RDI) practices. We will apply the guidance in this notice when assessing the relationship disclosure practices of registered firms, where appropriate. We also encourage registered firms to use this notice as a self-assessment tool to determine how they can improve their relationship disclosure practices.
For more information, please contact:
Curtis Brezinski, Compliance Auditor, Registration
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5876
Fax: (306) 787-5899
Email: curtis.brezinski@gov.sk.ca
Securities – CSA Staff Notice 51-339 Continuous Disclosure Review Program Activites for the fiscal year ended March 31, 2013
July 18, 2013 - This notice contains the results of the reviews conducted by the Canadian Securities Administrators (CSA) within the scope of their Continuous Disclosure (CD) Review Program. This program was established to review the compliance of the CD documents of reporting issuers (issuers) to ensure they are reliable and accurate. The CSA seek to ensure that Canadian investors receive high quality disclosure from issuers.
- CSA Staff Notice 51-339
- Appendix A - Financial Statements Deficiencies
- Appendix B - Management's Discussion and Analysis (MD&A) Deficiencies
- Appendix C - Other Regulatory Disclosure Deficiencies
- Appendix D - Catergories of Outcomes
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 – SEAMARK Asset Management Ltd. Notice pursuant to section 11.9 of NI 31-103
July 16 2013 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter regarding Notice pursuant to section 11.9 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) of proposed transfer/assignment of the Matrix group of investment fund management contracts to Growth Works Enterprises Ltd. (Formerly SEAMARK Asset Management Ltd.)
Securities – Aurizon Mines Ltd. Decision pursuant to section 92 of The Securities Act, 1988
July 16, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Aurizon Mines Ltd. is no longer a reporting issuer.
Securities – Astral Media Inc. Decision pursuant to section 92 of The Securities Act, 1988
July 15, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Astral Media Inc. is no longer a reporting issuer.
Securities – SEAMARK Asset Management Ltd. Notice pursuant to section 11.9 of NI 31-103
July 12 2013 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter regarding Notice pursuant to section 11.9 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) of proposed acquisition of operating assets of SEAMARK Asset Management Ltd. by Marquest Asset Management Inc.
Securities – Cowen and Company, LLC and Sea Port Group Securities, LLC - Decisions pursuant to sections 44 and 160 of the Securities Act, 1988
July 11, 2013 - Decisions pursuant to subsection 44(3) and section 160 of The Securities Act, 1988 (the Act) in the Matter of Cowen and Company, LLC and Sea Port Group Securities, LLC.
- Decision pursuant to subsection 44(3) of the Act - July 11, 2013
- Decision pursuant to section 160 of the Act - July 11, 2013
Securities – Desjardins Financial Corporation Inc. Notice pursuant to section 11.9 of NI 31-103
July 11 2013 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approval letter regarding Notice pursuant to section 11.9 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) of proposed indirect acquisition of shares of Qtrade Securities Inc. Qtrade Asset Management Inc. and OceanRock Investments Inc. by Desjardins Financial Corporation Inc.
Securities – Aston Hill Senior Gold Producers Income Corp. Decision pursuant to section 92 of The Securities Act, 1988
July 10, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Aston Hill Senior Gold Producers Income Corp. is no longer a reporting issuer.
Securities – Chieftan Metals Inc. Decision pursuant to section 92 of The Securities Act, 1988
July 10, 2013 - Decision pursuant to section 92 of The Securities Act, 1988 that Chieftan Metals Inc. is no longer a reporting issuer.
Securities – The Financial and Consumer Affairs Authority of Saskatchewan has issued an Adjournment Notice in the Matter of Scorpion Performance, Inc. and Megan White
July 8, 2013 – The Financial and Consumer Affairs Authority of Saskatchewan has issued an Adjournment Notice in the Matter of Scorpion Performance, Inc. and Megan White. The hearing has been adjourned sine die.
Securities – CSA Notice of Amendments to National Instrument 23-103 Electronic Trading
July 4, 2013 - The Canadian Securities Administrators have made amendments to National Instrument 23-103 Electronic Trading (NI 23-103) and its related Companion Policy 23-103 (together, the Amendments). The Amendments institute a consistent framework for marketplaces and marketplace participants regarding the offer and use of direct electronic access (DEA) to ensure that risks associated with DEA are appropriately managed. The Amendments will change the title of NI 23-103 to Electronic Trading and Direct Electronic Access to Marketplaces. Subject to ministeral approval the amendments will come into force on March 1, 2014.
- CSA Notice of Amendments to NI 23-103
- Annex A - Amending Instrument for NI 23-103
- Annex B - Blackline of NI 23-103 indicating the Amendments
- Annex C - Blackline of CP 23-103CP indicating the Amendments
- Annex D - Passport System Amendments
- Annex E - Comment Summary and CSA Responses
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 – The Financial and Consumer Affairs Authority of Saskatchewan Continuation of Hearing in the Matter of Alena Marie Pastuch et al
July 3, 2013 – The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Continuation of Hearing in the Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and Cryptguard Ltd. The hearing will continue on Friday July 12, 2013
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 – Order of the Court of Appeal for Saskatchewan in the Matter of Alena Marie Pastuch et al
July 3, 2013 – Order of the Court of Appeal for Saskatchewan dismissing an application by Alena Marie Pastuch and Brian Pederson for interim stay of proceedings in the Matter of Alena Marie Pastuch, Teamworx Productions Ltd., Idendego Inc., 101114386 Saskatchewan Ltd., 101115379 Saskatchewan Ltd. and Cryptguard Ltd. before a hearing panel of the Financial and Consumer Affairs Authority of Saskatchewan and to pay costs.
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 Division
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Tel: (306)787-5645
Fax: (306)787-5899
Email: fcaa@gov.sk.ca