June 2015

June 2015

 

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Securities – Multilateral CSA Notice and Request for Comment - Proposed Amendments to NI 13-101 and MI 13-102

June 30, 2015 - The members of the Canadian Securities Administrators (the CSA), except for the Ontario Securities Commission and the British Columbia Securities Commission, are publishing for a 60-day comment period proposed amendments to National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR) and Multilateral Instrument 13-102 System Fees for SEDAR and NRD (the proposed amendments).

The proposed amendments would require the following documents, which exist or are proposed under prospectus exemptions, to be filed in electronic format on SEDAR in accordance with NI 13-101 in the participating jurisdictions:

  • Form 45-106F1 Report of Exempt Distribution;
  • the offering memorandum and any other document, such as financial statements or marketing materials, that may be required in the future to be filed or delivered under section 2.9 [Offering memorandum] of National Instrument 45-106 Prospectus Exemptions;
  • in Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia, the offering document and Form 5 – Start-up Crowdfunding – Report of Exempt Distribution under the Start-up Crowdfunding Prospectus and Registration Exemptions and the offering document, distribution materials, financial statements and notices under proposed Multilateral Instrument 45-108 - Crowdfunding;
  • in Québec, any disclosure document delivered to subscribers under section 37.2 of the Securities Regulation (Québec).

The proposed amendments would also impose a SEDAR system fee of $25 per filing of a report of exempt distribution prepared in accordance with either Form 45-106F1 Report of Exempt Distributionor Form 5 – Start-up Crowdfunding – Report of Exempt Distribution.  This fee would be in addition to any filing fee required in the participating jurisdictions.

We expect the Proposed Amendments to be adopted in each of the participating jurisdictions either as an amendment to a rule or as an amendment to a regulation

The comment period ends August 31, 2015.

 

For more information please contact: 

Heather Kuchuran, Senior Securities Analyst, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-1009
Fax:  (306) 787-5899
Email: heather.kuchuran@gov.sk.ca

 


 

Securities – Ainsworth Lumber Co. Ltd. Decision pursuant to section 92 of The Securities Act, 1988

June 29, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Ainsworth Lumber Co. Ltd., is no longer a reporting issuer.

 


 

Securities – Star Hedge Managers Corp. II Decision pursuant to section 92 of The Securities Act, 1988

June 26, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Star Hedge Managers Corp. II, is no longer a reporting issuer.

 


 

Securities – Star Hedge Managers Corp. Decision pursuant to section 92 of The Securities Act, 1988

June 26, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Star Hedge Managers Corp. is no longer a reporting issuer.

 


 

Securities – CSA Staff Notice 45-308 Guidance for Preparing and Filing Reports of Exempt Distribution under National Instrument 45-106 Prospectus Exemptions (Revised)

June 25, 2015 - Staff of the Canadian Securities Administrators (Staff or we) are publishing this Staff Notice (the Notice) to highlight issues identified in some reports of exempt distribution filed in Form 45-106F1 Report of Exempt Distribution (the F1) under National Instrument 45-106 Prospectus Exemptions (NI 45-106). The Notice also provides guidance to issuers, underwriters and their advisors for preparing and filing the F1. Staff are replacing a prior notice issued in April 2012 with this Notice.

 

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 – Multilateral CSA Notice - Multilateral Instrument 45-107

June 25, 2015 - All of the members of the Canadian Securities Administrators, other than the securities regulatory authorities in Ontario and British Columbia, are implementing Multilateral Instrument 45-107 Listing Representation and Statutory Rights of Action Disclosure Exemptions(MI 45‑107). 

MI 45-107 is not being proposed in Ontario and British Columbia as in those jurisdictions local instruments address or are expected to address the issues discussed below, as necessary.  Provided all necessary ministerial approvals are obtained, MI 45-107 will come into force on September 8, 2015.

 

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 – CSA Notice of Amendments to NI 21-101 and NI 23-101

June 25, 2015 - The Canadian Securities Administrators have approved amendments (the Amendments) to the following: 

  • National Instrument 21-101 Marketplace Operation (NI 21-101), including:
    • Form 21-101F1 Information Statement Exchange or Quotation and Trade Reporting System (Form 21-101F1);
    • Form 21-101F2 Initial Operation Report Alternative Trading System (Form 21-101F2);
    • Form 21-101F3 Quarterly Report of Marketplace Activities (Form 21-101F3);
    • Form 21-101F4 Cessation of Operations Report for Alternative Trading System (Form 21-101F4);
    • Form 21-101F5 Initial Operation Report for Information Processor (Form 21-101F5); and
    • Form 21-101F6 Cessation of Operations Report for Information Processor (Form 21-101F6 and, together with Form 21-101F1, Form 21-101F2, Form 21-101F3, Form 21-101F4, and Form 21-101F5, the Form);
  • National Instrument 23-101 Trading Rules (NI 23-101); 
  • Companion Policy 21-101CP (21-101CP); and 
  • Companion Policy 23-101CP (23-101CP and, together with NI 21-101, 21-101CP and NI 23-101, the Marketplace Rules).

Provided all necessary ministerial approvals are obtained, the Amendments will come into force on October 1, 2015.  Implementation of certain of the Amendments is discussed in greater detail below.

 

For more information contact:

Liz Kutarna, Deputy Director, Capital Markets
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5871
Fax:  (306) 787-5899
Email: liz.kutarna@gov.sk.ca

 


 

Securities – CSA Notice of Amendments to NI 33-105 Underwriting Conflicts

June 25, 2015 - The Canadian Securities Administrators are implementing amendments (the Rule Amendments) to National Instrument 33-105 Underwriting Conflicts. The Rule Amendments have been made by each member of the CSA. In some jurisdictions, ministerial approvals are required for these changes. Provided all necessary ministerial approvals are obtained, the Rule Amendments will come into force on September 8, 2015.

The Rule Amendments provide an exemption from the disclosure requirements relating to conflicts of interest between an issuer and dealer in the context of an offering by a foreign issuer to sophisticated investors in Canada made on a private placement basis.

 

For more information contact:

Liz Kutarna, Deputy Director, Capital Markets
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5871
Fax:  (306) 787-5899
Email: liz.kutarna@gov.sk.ca

 


 

Securities – The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2015 (No.4) comes into force

June 23, 2015 - The Securities Commission (Adoption of National Instruments) Amendment Regulations, 2015 (No.4) comes into force on June 30, 2015. 

 

For more information contact:

Sonne Udemgba, Deputy Director, Legal
Securities Division
Financial and Consumer Affairs Authority
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5879
Fax:  (306) 787-5899
Email: sonne.udemgba@gov.sk.ca

 


 

Securities – CSA Notice and Request for Comment - Mandating a Summary Disclosure Document for Exchange-Traded Mutual Funds and its Delivery - Proposed Amendments to NI 41-101 and to CP 41-101CP to NI 41-101 and Related consequential Amendments

June 18, 2015 - The Canadian Securities Administrators are publishing for a comment period of 90 days proposed amendments to National Instrument 41-101 General Prospectus Requirements, Companion Policy 41-101CP to National Instrument 41-101 General Prospectus Requirements and related consequential amendments to National Instrument 81-106 Investment Fund Continuous Disclosure and Companion Policy 81-106CP to National Instrument 81-106  Investment Fund Continuous Disclosure.  New Form 41-101F4 Information Required in an ETF Facts Document.

The Proposed Amendments are part of Stage 3 of the CSA’s implementation of the point of sale disclosure project.

The comment period ends September 16, 2015.

 

For more information please contact: 

Heather Kuchuran, Senior Securities Analyst, Corporate Finance
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-1009
Fax:  (306) 787-5899
Email: heather.kuchuran@gov.sk.ca

 


 

Securities – Order Setting Hearing Dates in the matter of Dominion Bitcoin Mining Company Ltd. et al

June 17, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) today issued an Order Setting Hearing dates in the matter of Dominion Bitcoin Mining Company Ltd., Jason Edmund Dearborn, Peter Scott Voldeng and Ronald James Frederick Gibbon. The hearing of Staff's Application.

 

For more information please contact:

Dallas Smith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5843
Fax:  (306) 787-5899
Email: dallas.smith@gov.sk.ca

 


 

Securities – Order Setting Financial Compensation Hearing Date in the Matter of C2 Ventures Inc. and Monte Dobson

June 17, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan today issued an Order Setting Financial Compensation Hearing Dates in the matter of C2 Ventures and Monte Dobson.

Hearing to commence 9:00 a.m. (CST) on Friday, August 14, 2015.

 

For more information please contact:

Dallas Smith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5843
Fax:  (306) 787-5899
Email: dallas.smith@gov.sk.ca

 


 

Securities – Decision on an Application for a Review of a Decision in the Matter of Jack Louis Comeau

June 16, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Decision in the Matter of an Application for a Review of a Decision of the Prairie Regional Council of the Mutual Fund Dealers Association of Canada Pursuant to Section 21.7 of The Securities Act, 1988, SS 1988-89, cS-42.2 and in the Matter of Discipline Proceedings Pursuant to Sections 20 and 24 of By-Law No. 1 of the Mutual Fund Dealers Association of Canada Between Staff of the Mutual Fund Dealers Association of Canada and Jack Louis Comeau.

 

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) 787-5879
Email: pat.murray@gov.sk.ca

 


 

Securities – NorthWest International Healthcare Properties Real Estate Investment Trust. Decision pursuant to section 92 of The Securities Act, 1988

June 16, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that NorthWest International Healthcare Properties Real Estate Investment Trust, is no longer a reporting issuer.

 


 

Securities – Decision on Request for Immediate Stay of Proceedings in the matter of Dominion Bitcoin Mining Company Ltd. et al

June 15, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan today issued a Decision on Request for Immediate Stay of Proceedings in the matter of Dominion Bitcoin Mining Company Ltd., Jason Edmund Dearborn, Peter Scott Voldeng and Ronald James Frederick Gibbon.

 

For more information please contact:

Dallas Smith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5843
Fax:  (306) 787-5899
Email: dallas.smith@gov.sk.ca

 


 

Securities – CSA Notice and Request For Comment - Proposed Amendments to the Companion Policy to National Instrument 23-101; Trading Rules: Application of the Order Protection Rule to Marketplaces Imposing Systematic Order Processing Delays

June 12, 2015 - The Canadian Securities Administrators (CSA) are publishing for comment proposed amendments to the Companion Policy to National Instrument 23-101 Trading Rules (NI 23-101).  The purpose of the Proposed Amendments is to address the introduction of order processing delays by marketplaces, and how such delays impact the application of OPR.

Deadline for comments is August 17, 2015.

 

For more information please contact:

Liz Kutarna, Deputy Director, Capital Markets
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-5871
Fax:  (306) 787-5899
Email: liz.kutarna@gov.sk.ca

 


 

Securities – Slate U.S. Opportunity (No. 3) Realty Trust. Decision pursuant to section 92 of The Securities Act, 1988

June 10, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Slate U.S. Opportunity (No. 3) Realty Trust 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