September 2015

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

September 2015

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Securities – Notice of First Appearance and Statement of Allegations in the Matter of Latin Clearing Corporation and Andrew Berger

September 30, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan today issed a Notice of First Appearance and Statement of Allegations in the Matter of Latin Clearing Corporation and Andrew Berger.

Notice of First Appearance and Statemet of Allegations - September 30, 2015

Securities – Order re Settlement Agreement in the matter of Watford HRCP, LLLP, Henry Whitfield Bert Stucklesss, Marco-Abel Nordio

September 29, 2015 - The Financial and Conumer Affairs Authority of Saskatchewan has issued an Order re Settlement Agreement in the matter of Watford HRCP, LLLP, Henry Whitfield Bert Stucklesss, Marco-Abel Nordio for Watford HRCP, LLLP and Marco-Abel Nordio.

Order regarding Settlement Agreement - Watford and Nordio - September 29, 2015

Securities – Order re Settlement Agreement in the matter of Watford HRCP, LLLP, Henry Whitfield Bert Stucklesss, Marco-Abel Nordio

Order regarding Settlement Agreement - Stuckless - September 29, 2015

Securities – CSA Multilateral Staff Notice 58-307 Staff Review of Women on Boards and in Executive Officer Positions – Compliance with NI 58-101 Disclosure of Corporate Governance Practices

On December 31, 2014, the securities regulatory authorities in Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Québec, Saskatchewan and Yukon implemented amendments (the Rule Amendments) to National Instrument 58-101 Disclosure of Corporate Governance Practices (the Rule) that require non-venture issuers to disclose on an annual basis:

the number and percentage of women on the issuer’s board of directors (the board) and in executive officer positions;
director term limits or other mechanisms of board renewal;
policies relating to the identification and nomination of women directors;
consideration of the representation of women in the director identification and nomination process and in executive officer appointments; and
targets for women on boards and in executive officer positions.

The Rule Amendments state that if a non-venture issuer has not adopted the above mechanisms, policies, or targets or does not consider the representation of women, it is required to explain its reasons for not doing so.

The Rule Amendments are intended to increase transparency for investors and other stakeholders regarding the representation of women on boards and in executive officer positions. This transparency is intended to assist investors when making investment and voting decisions. This Staff Notice reports the findings from our review of the corporate governance disclosure of non-venture issuers as it relates to the Rule Amendments and provides guidance to assist issuers in areas where the quality of their disclosure needs improvement.

As of June 2, 2015, there were 886 reporting issuers listed on the Toronto Stock Exchange (TSX) and subject to the Rule. Of these, 722 had a year-end between December 31, 2014, and March 31, 2015, and released disclosure on corporate governance by July 31, 2015. This Staff Notice summarizes the findings of our review of the corporate governance disclosure of these 722 issuers as it relates to the Rule Amendments.

CSA Staff Notice 58-307 (in effect September 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 – Temporary Order in the matter of Summit International, PTE LTD

September 24, 2015 - The Financial and Consumer Affairs Authority issued a Temporary Order in the matter Summit International, PTE LTD.

Temporary Order - Summit International - September 24, 2015

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 – CSA Staff Notice 31-342 Guidance for Portfolio Managers Regarding Online Advice

September 24, 2015 - Some Canadian registered portfolio managers and restricted portfolio managers (PMs) have recently begun operating as "online advisers". This Notice describes the operations of these online advisers and provides guidance from staff of the CSA about the ways in which a PM can provide advice using an online platform, while complying with regulatory requirements.

CSA Staff Notice 31-342

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 Relating to Rights Offerings to NI 45-106, NI 41-101, NI 44-101 and NI 45-102 and Repeal of NI 45-101

September 24, 2015 - The Canadian Securities Administrators (we) are adopting the following amendments to the prospectus-exempt rights offering regime:

• amendments to:
    o National Instrument 45-106 Prospectus Exemptions (NI 45-106),
    o National Instrument 41-101 General Prospectus Requirements (NI 41-101),
    o National Instrument 44-101 Short Form Prospectus Distributions (NI 44-101),
    o National Instrument 45-102 Resale of Securities (NI 45-102),

• consequential amendments to:
   o Multilateral Instrument 11-102 Passport System (MI 11-102),
   o National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR) (NI 13-101),
   o Multilateral Instrument 13-102 System Fees for SEDAR and NRD (MI 13-102), and

• the repeal of National Instrument 45-101 Rights Offerings (NI 45-101)
(collectively, the Amendments).

In addition, we are implementing changes to:

• Companion Policy 45-106CP to NI 45-106 (45-106CP), and
• Companion Policy 41-101CP to NI 41-101 (41-101CP).

We are also withdrawing Companion Policy 45-101CP to NI 45-101 (45-101CP).

Provided all necessary ministerial approvals are obtained, the Amendments and policy changes will come into force on December 8, 2015.

For more information please contact:

Securities – Order and Settlement Agreement in the Matter of Relative Resources Ltd. et al

May 29, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan today issued an Order and Settlement Agreement in the matter of Relative Resources Ltd., Dwight Campbell, and Sean Kirkpatrick.

Order and Settlement Agreement - September 18, 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 – Court of Appeal for Saskatchewan decision on Application for Stay in Dearborn v The Director of the Financial and Consumer Affairs Authority

September 18, 2015 - Court of Appeal for Saskatchewan today issued a decision on Application for Stay in Dearborn v The Director of the Financial and Consumer Affairs Authority.

Decision on Application to Stay - September 18, 2015

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

September 17, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Temporary Order in the Matter of AAoption, Galaxy International Solutions Ltd. and David Eschel.

Temporary Order - September 17, 2015

For more information contact:

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

September 17, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan has issued a Temporary Order in the Matter of Ouroboros Derivatives Trading Ltd.

Temporary Order - September 17, 2015

For more information contact:

Securities – General Order 23-901 Exemption from Certain Requirements in Part 6 of National Instrument 23-101 Trading Rules

September 17, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) approved General Order 23-901 Exemption from Certain Requirements in Part 6 of National Instrument 23-101 Trading Rules.

This relief will allow Alpha Exchange Inc. to introduce amendments to its Trading Policies to implement an intentional delay on processing certain orders, commonly referred to as a “speed bump”. Under the exemption:

marketplaces are exempt from the requirement in Section 6.1 of NI 23-101 to establish, maintain and ensure compliance with written policies and procedures that are reasonably designed to prevent trade-throughs of offers and bids displayed on Alpha’s order book
market participants that enter directed-action orders are exempt from the requirement in Section 6.4 of NI 23-101 to establish, maintain and ensure compliance with written policies and procedures that are reasonably designed to prevent trade-throughs of offers and bids displayed on Alpha’s order book

The exemption comes into effect on September 21, 2015 and expires the earlier of the date when NI 23-101 is amended to account for speed bumps by marketplaces; or the date when 23-101 CP is amended to account for speed bumps by marketplaces.

General Order 23-901

For more information contact:

Securities – CSA Staff Notice and Request for Comment 21-315 Next Steps in Regulation and Transparency of the Fixed Income Market

September 17, 2015 - CSA Staff Notice and Request for Comment 21-315 Next Steps in Regulation and Transparency of the Fixed Income Market.

This notice describes the steps that Canadian Securities Administrators staff (CSA staff) are taking to:

enhance regulation in the fixed income market, and
identify opportunities to improve market transparency and better protect investor interests.

On April 23, 2015, staff of the Ontario Securities Commission published a report titled The Canadian Fixed Income Market 2014. The Report presented a fact-based snapshot of the $2 trillion fixed income market in Canada, with particular emphasis on the $500 billion in corporate debt outstanding. The Report also highlighted the following:

fixed income data available is limited and fragmented across a number of sources, which makes it difficult to conduct a comprehensive assessment of the fixed income market;
the secondary fixed income market is a decentralized, over-the-counter market where large investors have significantly more bargaining power than small investors;
there is limited adoption of electronic trading and alternative trading systems, especially for corporate bonds; and
direct retail participation in the primary and secondary fixed income market is low and retail investors typically access the fixed income market by purchasing investment funds.

The purpose of this notice is to set out the CSA staff’s plan to enhance fixed income regulation to:

facilitate more informed decision-making among all market participants, regardless of their size;
improve market integrity; and
evaluate whether access to the fixed income market is fair and equitable for all investors.

Comment period ends November 1, 2015.

CSA Notice 21-315

For more information contact:

Securities – Extending Order In the Matter of RTG Direct Trading Group Ltd. and RTG Direct Trading Limited

September 11, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Extendig Order in the RTG Direct Trading Group Ltd. and RTG Direct Trading Limited

Extending Order - September 11, 2015

For more information contact:

Securities – Extending Order In the Matter of Zulutoys Limited and RBOptions

September 11, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan has issued an Extendig Order in the Matter of Zulutoys Limited and RBOptions

Extending Order - September 11, 2015

For more information contact:

Securities – Catamaran Corporation. Decision pursuant to section 92 of The Securities Act, 1988

September 9, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Catamaran Corporation is no longer a reporting issuer.

Decision - September 9, 2015

Securities – Cline Mining Corporation. Decision pursuant to section 92 of The Securities Act, 1988

September 8, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that Cline Mining Corporation is no longer a reporting issuer.

Decision - September 8, 2015

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

September 8, 2015 - The Financial and Consumer Affairs Authority of Saskatchewan today issued an Adjournment Notice in the matter of Dominion Bitcoin Mining Company Ltd., Jason Edmund Dearborn, Peter Scott Voldeng and Ronald James Frederick Gibbon.

Adjournment Notice - September 8, 2015

For more information please contact:

Securities –CanElson Drilling Inc. Decision pursuant to section 92 of The Securities Act, 1988

September 3, 2015 - Decision pursuant to section 92 of The Securities Act, 1988 that CanElson Drilling inc. is no longer a reporting issuer.

Decision - September 3, 2015

Securities – CSA Notice Notice of Amendments Related to the Recognition of Aequitas Neo Exchange Inc.

September 3, 2015 - The Canadian Securities Administrators (we) are implementing amendments to:

National Instrument 41-101 General Prospectus Requirements;
National Instrument 44-101 Short Form Prospectus Distributions
National Instrument 45-106 Prospectus Exemptions;
National Instrument 51-102 Continuous Disclosure Obligations;
Except in Ontario, Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets;
National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings;
National Instrument 52-110 Audit Committees;
National Instrument 58-101 Disclosure of Corporate Governance Practices;
In Ontario and Québec, Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions;
National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers; and
National Instrument 81-101 Mutual Fund Prospectus Disclosure.

We are also implementing changes to:

National Policy 46-201 Escrow for Initial Public Offerings.

Subject to ministeral approval, these amendments will be in effect November 17, 2015.

For more information contact:

Securities Division

Suite 601, 1919 Saskatchewan Drive

Regina, Saskatchewan S4P 4H2

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca