October 2015

October 2015

 

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Securities – Multilateral CSA Notice of Amendments to National Instrument 45-106

October 29, 2015 - The securities regulatory authorities in Alberta, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan (collectively, we) are amending National Instrument 45-106 Prospectus Exemptions in respect of the offering memorandum exemption in section 2.9. We are also making changes to Companion Policy 45-106CP Prospectus Exemptions and certain consequential amendments to other rules and one policy.

Subject to Ministerial approval, in effect in Saskatchewan on April 30, 2016

 

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 – Notice and Request for Comment - Proposed Consequential Amendments to NI 52-107, NI 45-102 and MI 11-102

October 29, 2015 - Financial and Consumer Affairs Authority of Saskatchewan (FCAA), Securities Division is publishing a Notice and Request for Comment on the Proposed Consequential Amendments to National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards, National Instrument 45-102 Resale of Securities and Multilateral Instrument 11-102 Passport System.

Today the FCAA has published Multilateral CSA Notice of Amendments to National Instrument 45-106 Prospectus Exemptions Relating to the Offering Memorandum Exemption.  In conjunction with the amendments to National Instrument 45-106 Prospectus Exemptions (NI 45-106), there is a need for consequential amendments to other Instruments.  The proposed consequential amendments are required to align the provisions within such Instruments with the amendments to the offering memorandum exemption in section 2.9 of NI 45-106.

Comment period ends December 28, 2015.

 

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 – Just Soluctions Inc. and JSA Insurance Ltd. Decision pursuant to section 83 of The Securities Act, 1988

October 26, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA), as principal regulator, today issued a Decision pursuant to section 27 of The Securities Act, 1988 in the Matter of Just Soluctions Inc. and JSA Insurance Ltd.

 


 

Securities – Canadian Capital Auto Receivables Asset Trust II Decision pursuant to section 92 of The Securities Act, 1988

October 23, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Canadian Capital Auto Receivables Asset Trust II is no longer a reporting issuer.

 


 

Securities – John Deere Financial Inc. Decision pursuant to section 92 of The Securities Act, 1988

October 19, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that John Deere Financial Inc. is no longer a reporting issuer.

 


 

Securities – Molson Coors Capital Finance ULC Decision pursuant to section 92 of The Securities Act, 1988

October 16, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Molson Coors Capital Finance ULC is no longer a reporting issuer.

 


 

Securities – Decision in the matter of Dominion Bitcoin Mining Company Ltd. et al

October 22, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued a Decision in the matter of Dominion Bitcoin Mining Company Ltd. et al.

 

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 Mutual Fund Fee Project Research Results

October 22, 2015 - The CSA is publishing the results of a research study on Mutual Fund fees. On December 13, 2012, the Canadian Securities Administrators (CSA) published CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees (Paper) which identified potential investor protection and fairness issues that may arise from Canada’s current mutual fund fee structure. In particular, the Paper examined how embedded advisor compensation and other forms of tied compensation could give rise to actual or perceived conflicts of interests.

Following comments received on the Paper, the CSA conducted extensive stakeholder consultations, including a public roundtable on June 7, 2013, and discussion forums in the summer and fall of 2013. As a result of feedback received during the consultations, the CSA decided to obtain and publish independent research to assist in determining whether regulatory action is needed.

 

For more information contact:

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

 


 

Securities – General Order 51-912 Exemptions from Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets

October 21, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approved General Order 51-912 Exemptions from Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets.

This Order provides that an OTC issuer is exempt from section 3 of MI 51 -105 for distributions to permitted clients (as that term is defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations) provided certain conditions are met

The exemption comes into effect on October 21, 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 – The Securities Commission (Adoption of National Instruments, Parts XXII and XXIII) Amendment Regulations, 2015

October 16, 2015 - The Securities Commission (Adoption of National Instruments, Parts XXII and XXIII) Amendment Regulations, 2015 comes into force on October 1, 2015 (in effect in Saskatchewan on October 16, 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 – Lithium Americas Corp. Decision pursuant to section 92 of The Securities Act, 1988

October 14, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Lithium Americas Corp. is no longer a reporting issuer.

 


 

Securities – Extending Order in the Matter of Summit International, PTE LTD

October 9, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Extending Order in the Matter of Summit International, PTE LTD.

 

For more information contact:

Dallas Smith, 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: dallas.smith@gov.sk.ca

 


 

Securities – The Financial and Consumer Affairs Authority of Saskatchewan Decision pursuant to NI 51-102 in the Matter of StorageVault Canada Inc.

October 2, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Decision pursuant to National Instrument 51-102 – Continuous Disclosure Obligations in the Matter of StorageVault Canada Inc.

 


 

Securities – Extending Order in the Matter of Ouroboros Derivatives Trading Ltd.

October 2, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Extending Order in the Matter of Ouroboros Derivatives Trading Ltd.

 

For more information contact:

Dallas Smith, 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: dallas.smith@gov.sk.ca

 


 

Securities – Extending Order in the Matter of AAoption, Galaxy International Solutions Ltd. and David Eschel

October 2, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Extending Order in the Matter of AAoption, Galaxy International Solutions Ltd. and David Eschel.

 

For more information contact:

Dallas Smith, 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: dallas.smith@gov.sk.ca

 


 

Securities – Alter NRG Corp. Decision pursuant to section 92 of The Securities Act, 1988

October 1, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Alter NRG Corp. 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