June 2016

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca

June 2016

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Securities – Claude Resources Inc. Decision pursuant to section 92 of The Securities Act, 1988

June 30, 2016 - Decision pursuant to section 92 of The Securities Act, 1988 that Claude Resources Inc. is no longer a reporting issuer.

Decision - June 30, 2016

Securities – CSA Multilateral Notice of Amendments to MI 91-101 Derivatives: Product Determination and MI 96-101 Trade Repositories and Derivatives Data Reporting and Changes to Related Companion Policies

June 30, 2016 – The securities regulatory authorities in Alberta, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island and Yukon are adopting amendments to Multilateral Instruments 91-101 Derivatives: Product Determination and 96-101 Trade Repositories and Derivatives Data Reporting.

At the same time, Saskatchewan is adopting the amendments to MI 96-101 and is publishing the amendments to MI 91-101 for comment under a separate notice. Subject to Ministerial approval, MI 96-101 will be implemented in Saskatchewan on September 30, 2016.

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 – Notice and Request for Comment – Proposed Amendments to MI 91-101 and Proposed Changes to MI 91-101CP

June 30, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is publishing for a 60 day comment period:

proposed amendments to Multilateral Instrument 91-101 Derivatives: Product Determination, and

proposed changes to Companion Policy 91-101 Derivatives: Product Determination.

The comment period ends August 29, 2016.

For more information, please contact:

Securities – Multilateral CSA Notice 45-319 Amendments to Start-up Crowdfunding Registration and Prospectus Exemptions

June 30, 2016 - The securities regulatory authorities of British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia, (the participating jurisdictions) are adopting amendments to the substantially harmonized local blanket orders (the start-up crowdfunding exemption orders) that implement the start-up crowdfunding registration and prospectus exemptions (the start-up crowdfunding exemptions) in their jurisdiction.

The participating jurisdictions have implemented, or expect to implement, the amendments to the start-up crowdfunding exemptions by amending or replacing their local start-up crowdfunding exemption order initially adopted on May 14, 2015 and amended on January 25, 2016. The participating jurisdictions are also adopting amendments to the start-up crowdfunding forms initially adopted on May 14, 2015 and guides published on May 14, 2015 and revised on February 24, 2016.

The amendments will be effective in each participating jurisdiction concurrently with, or as soon as possible after, the publication of this notice.

Multilateral CSA Notice 45-319 Amendments to Start-up Crowdfunding Registration and Prospectus Exemptions
General Order 45-929 Start-up Crowdfunding Registration and Prospectus Exemptions (Effective Date: May 14, 2015. Amendment Date: January 25, 2016. Amendment Date: June 30, 2016.)
General Order 45-929 Start-up Crowdfunding Registration and Prospectus Exemptions (June 30, 2016 amendments blacklined to January 25, 2016.)
Form 1 - Start-up Crowdfunding - Offering Document
Form 1 - Start-up Crowdfunding - Offering Document (June 30, 2016 amendments blacklined to May 14, 2015.)
Form 2 - Start-up Crowdfunding - Risk Acknowledgement
Form 3 - Start-up Crowdfunding - Funding Portal Information Form
Form 3 - Start-up Crowdfunding - Funding Portal Information Form (June 30, 2016 amendments blacklined to May 14, 2015._
Form 4 - Start-up Crowdfunding - Funding Portal - Individual Information Form
Form 4 - Start-up Crowdfunding - Funding Portal - Individual Information Form (June 30, 2016 amendments blacklined to May 14, 2015.)
Form 5 - Start-up Crowdfunding - Report of Exempt Distribution
Form 5 - Start-up Crowdfunding - Report of Exempt Distribution (Fillable Form)
Form 5 - Start-up Crowdfunding - Report of Exempt Distribution (June 30, 2016 amendments blacklined to May 14, 2015.)
Start-up Crowdfunding Guide for Funding Portals
Start-up Crowdfunding Guide for Funding Portals (June 30, 2016 amendments blacklined to February 24, 2016.)
Start-up Crowdfunding Guide for Businesses
Start-up Crowdfunding Guide for Businesses (June 30, 2016 amendments blacklined to February 24, 2016.)
Start-up Crowdfunding Guide for Investors
Start-up Crowdfunding Guide for Investors (June 30, 2016 amendments blacklined to February 24, 2016.)
General Order 45-929

For more information, please contact:

Securities – CSA Staff Notice 81-327 Next Steps in the CSA's Examination of Mutual Fund Fees

June 29, 2016 - This notice describes the next steps of the Canadian Securities Administrators staff's examination of Mutual Fund fees.

CSA Staff Notice 81-327

For information 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 – Pacific Exploration and Production Corporation Decision pursuant to subsection 44(3) of The Securities Act, 1988

June 29, 2016 - Decision pursuant to subsection 44(3) of The Securities Act, 1988 that Pacific Exploration and Production Corporation has been granted permission to include the Listing Representations in the Circular.

Decision - June 29, 2016

Securities – Extending Order In the Matter of Douglas Taylor

June 24, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Extending Order In the Matter of Douglas Taylor.

Extending Order - June 24, 2016

For more information contact:

Christina Meredith, Legal Counsel
Securities Division
Financial and Consumer Affairs Authority
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan S4P 4H2
Phone: (306) 787-5843
Fax: (306) 787-5899
Email: christina.meredith@gov.sk.ca

Securities – Brickburn Income Growth Class Decision pursuant to section 92 of The Securities Act, 1988

June 23, 2016 - Decision pursuant to section 92 of The Securities Act, 1988 that Brickburn Income Growth Class is no longer a reporting issuer.

Decision - June 23, 2016

Securities – Brickburn Small Cap Class Decision pursuant to section 92 of The Securities Act, 1988

June 23, 2016 - Decision pursuant to section 92 of The Securities Act, 1988 that Brickburn Small Cap Class is no longer a reporting issuer.

Decision - June 23, 2016

Securities – The Securities Commission (Adoption of National Instruments, Passport System) Amendment Regulations, 2016

June 23, 2016 - The Securities Commission (Adoption of National Instruments, Passport System) Amendment Regulations, 2016 came into force on June 23, 2016.

Commission Amendment Regulation

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 Staff Notice 21-318 Information Processor for Corporate Debt Securities

June 23, 2016 - Staff of the Canadian Securities Administrators are publishing this notice to inform the public that the Investment Industry Regulatory Organization of Canada will act as an information processor for corporate debt securities under National Instrument 21-101 Marketplace Operation effective July 4, 2016.

CSA Staff Notice 21-318

For more information, please contact:

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

Securities – Notice of First Appearance and Statement of Allegations in the Matter of EMO Resources Ltd. et al

June 21, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan today issued a Notice of First Appearance and Statement of Allegations in the Matter of EMO Resources Ltd., Abdulmenaf Avci, John S. Thornton, Paul Jenson, Elliot St. Claire, Commodities Market Edge LLC and Cliff Krause.

Notice of First Appearance and Statement of Allegations (Redacted) - June 21, 2016

For more information contact:

Securities – Notice of First Appearance and Statement of Allegations in the Matter of Ouroboros Derivatives Trading Ltd. et al

July 6, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Notice of First Appearance and Statement of Allegations in the Matter of Ouroboros Derivatives Trading Ltd., anyoption and copyop.

Notice of First Appearance and Statement of Allegations - July 6, 2016

For more information contact:

Christina Meredith, Legal Counsel
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: Christina.Meredith@gov.sk.ca

Securities - CSA Staff Notice 23-316 - Order Protection Rule: Implementation of the Market Share Threshold and Amendments to Companion Policy 23-101 Trading Rules

June 20, 2016 - On April 7, 2016, the Canadian Securities Administrators (the CSA or we) published notice of amendments to National Instrument 23-101 Trading Rules (NI 23-101) and its related Companion Policy (23-101CP) (together, the Amendments). The Amendments introduce, among other things, a market share threshold that is intended to provide flexibility to marketplace participants in determining if and when to access trading on certain marketplaces. They also clarify the meaning of "automated trading functionality" with respect to marketplaces that impose intentional order processing delays.

Subject to obtaining all Ministerial approvals, the Amendments will become effective on July 6, 2016, except for the Amendments related to the market share threshold, which will become effective on October 1, 2016.

The purpose of this notice is to provide the list of marketplaces that display orders that will not be protected (unprotected marketplaces) for the purposes of the order protection rule (OPR).

as of July 6, 2016 because they do not provide automated trading functionality as they have an intentional order processing delay, and
as of October 1, 2016 as they do not meet the market share threshold (which has been set at 2.5% of total value and volume traded).

This notice also describes how market share for each marketplace was calculated.

CSA Staff Notice 23-316

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 – Multilateral CSA Staff Notice 96-301 - Matters related to the coming into force of Multilateral Instrument 91-101 Derivatives: Product Determination and Multilateral 96-101 Trade Repositories and Derivatives Data Reporting

June 17, 2016 - The securities regulatory authorities (each an Authority and collectively the Authorities or we) in Alberta, New Brunswick, Nova Scotia and Saskatchewan (together with British Columbia, Newfoundland and Labrador, the Northwest Territories, Nunavut, Prince Edward Island and Yukon, the Participating Jurisdictions) are issuing harmonized discretionary relief (in each jurisdiction, Blanket Order 96-501) from certain requirements in Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting (the TR Rule). The respective local Blanket Order 96-501 may be found on the website of the local Authority.

We are also taking this opportunity to remind market participants that trade reporting obligations under the TR Rule begin July 29, 2016 and to draw market participants' attention to certain steps that should be undertaken to facilitate timely compliance with TR Rule.

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 – General Order 96-501 Exemption from certain derivatives reporting requirements

June 17, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan has approved General Order 96-501 Exemption from certain derivatives reporting requirements.

This general order provides an exemption from certain derivatives reporting requirements. The exemption comes into effect on June 17, 2016.

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 – Order Setting Hearing Dates in the Matter of BigOption, Big Markets MU Ltd and Mahmud Akberali Kanji

June 17, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Order Setting Hearing Dates in the Matter of BigOption, Big Markets MU Ltd and Mahmud Akberali Kanji.

Order Setting Hearing Dates - June 17, 2016

For more information contact:

Securities – Extending Order in the Matter of BigOption, Big Markets MU Ltd and Mahmud Akberali Kanji

June 17, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Extending Order in the Matter of BigOption, Big Markets MU Ltd and Mahmud Akberali Kanji.

Extending Order - June 17, 2016

For more information contact:

Securities – CSA Staff Notice 11-330 Notice of Local Amendments - Alberta, Manitoba, New Brunswick, Nova Scotia, Quebec, Ontario and Saskatchewan

June 16, 2016 - This notice identifies amendments implemented through a number of local amendments made in Alberta, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec and Saskatchewan.

The local amendments referred to in this notice include those to National Instrument 45-102 Resale of Securities (NI 45-102) and National Instrument 45-106 Prospectus Exemptions (NI 45-106) to reflect the availablitiy of new or amended prospectus exemptions in certain jurisdictions.

Annex A to this Notice identifies, and provides further information on, the relevant local amendments (as well as related changes to specified policies). The text of rule and policy consolidations on the websites of CSA members will now be updated, as necessary, to reflect these local amendments and changes.

CSA Staff Notice 11-330

For 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 – Capstone Power Corp. Decision pursuant to section 92 of The Securities Act, 1988

June 8, 2016 - Decision pursuant to section 92 of The Securities Act, 1988 that Capstone Power Corp. is no longer a reporting issuer.

Decision - June 8, 2016

Securities – Decision in the matter of AAoption, Galaxy International Solutions Ltd. and David Eshel

June 8, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan today issued a Decision in the matter of AAoption, Galaxy International Solutions Ltd. and David Eshel.

Decision - June 8, 2016

For more information contact:

Securities – Tribute Pharmaceuticals Canada Inc. Decision pursuant to section 92 of The Securities Act, 1988

June 6, 2016 - Decision pursuant to section 92 of The Securities Act, 1988 that Tribute Pharmaceuticals Canada Inc. is no longer a reporting issuer.

Decision - June 6, 2016

Securities – Notice of First Appearance and Statement of Allegations in the Matter of BigOption, Big Markets MU Ltd and Mahmud Akberali Kanji

June 6, 2016 - The Financial and Consumer Affairs Authority of Saskatchewan today issued a Notice of First Appearance and Statement of Allegations in the Matter of BigOption, Big Markets MU Ltd and Mahmud Akberali Kanji.

Notice of First Appearance and Statement of Allegations

For more information contact:

Securities – The Securities Commission (Adoption of National Instruments, Take-Over Bid Regime) Amendment Regulations, 2016

June 3, 2016 - The Securities Commission (Adoption of National Instruments, Take-Over Bid Regime) Amendment Regulations, 2016 came into force on June 3, 2016.

Commission Amendment Regulation

For more information contact:

Securities - Notice of Changes to Companion Policy 24-102 Clearing Agency Requirements

June 3, 2016 - The Canadian Securities Administrators are adopting changes to the Companion Policy to National Instrument 24-102 Clearing Agency Requirements relating to Recovery Guidance. The Recovery Guidance is intended to clarify the expectations of the Canadian authorities regarding key components of recovery plans; the selection and application of recovery tools; additional considerations for recovery planning; implementation of recovery plans; review of recovery plans; orderly wind-down; and practical aspects of designing a recovery plan, such as the organization and structure of content.

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 Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca