September 2025

Securities Division

4th Floor, 2365 Albert Street

Regina, Saskatchewan S4P 4K1

Tel: (306)787-5645

Fax: (306)787-5899

September 2025

Securities - Decision in the Matter of North West Terminal Ltd.

September 30, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of North West Terminal Ltd., exempting them from certain requirements in NI 51-102 and NI 54-101 provided that specific provisions are met as detailed in the Order. This Order applies only to the Special Meeting affected by the postal strike.

Decision

For more information contact:

Mobolanle Depo-Fajumo
Financial and Consumer Affairs Authority
Senior Legal Counsel, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-798-3381
Fax: 306-787-5899
Email: mobolanle.depofajumo2@gov.sk.ca

Securities - Decision in the Matter of Netcoins Inc.

September 30, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of Netcoins Inc., granting them time-limited relief from certain registration requirements and from prospectus and trade reporting requirements. This relief will allow Netcoins Inc. to distribute Crypto Contracts and operate a platform that facilitates the buying, selling and holding of crypto assets.

Decision

For more information contact:

Sonne Udemgba
Financial and Consumer Affairs Authority
Director, Legal, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Tel: 306-787-5879
Fax: 306-787-5899
Email: sonne.udemgba@gov.sk.ca

Securities – CSA Multilateral Notice and Request for Comment Proposed Multilateral Instrument 45-111 Self-Certified Investor Prospectus Exemption and Proposed Companion Policy 45-111CP Self-Certified Investor Prospectus Exemption and Proposed Consequential Amendments to National Instrument 45-106 Prospectus Exemptions and National Instrument 45-102 Resale of Securities and Proposed Consequential Changes to Companion Policy 45-106CP Prospectus Exemptions

September 25, 2025 – The Financial and Consumer Affairs Authority of Saskatchewan is publishing the CSA Multilateral Notice and Request for Comment Proposed Multilateral Instrument 45-111 Self-Certified Investor Prospectus Exemption and Proposed Companion Policy 45-111CP Self-Certified Investor Prospectus Exemption and Proposed Consequential Amendments to National Instrument 45-106 Prospectus Exemptions and National Instrument 45-102 Resale of Securities and Proposed Consequential Changes to Companion Policy 45-106CP.

If implemented, the Multilateral Instrument 45-111 Self-Certified Investor Prospectus Exemption (Proposed Instrument) would introduce a harmonized prospectus exemption that could provide a new source of capital for non-investment fund issuers that have their head office in Canada and increase investment opportunities for investors in Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, and Yukon who, based on their education or experience, can adequately assess and understand the risk of investing but who may not meet the criteria for an accredited investor. The Proposed Instrument aims to promote capital formation by enabling a broader spectrum of investors to participate in financing opportunities while ensuring appropriate investor protection.

Comment Period Ends: January 5, 2026.

For more information, contact:

Securities - CSA Notice of Publication Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives

September 25, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan is publishing CSA Notice of Publication Amendments to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives.

The Amendments serve two purposes. First, the Amendments aim to update the list of mandatory clearable derivatives to reflect the transition to a new interest rate benchmarks regime based on overnight interest rate benchmarks, such as the Canadian Overnight Repo Rate Average and Secured Overnight Financing Rate. The second purpose of the Amendments is to add certain classes of over-the-counter derivatives to the list of mandatory clearable derivatives provided in Appendix A of National Instrument 94-101.

Provided all necessary ministerial approvals are obtained, the Amendments will come into force on March 25, 2026, in all CSA jurisdictions.

For more information contact:

Sonne Udemgba
Financial and Consumer Affairs Authority of Saskatchewan
Director, Legal, Securities Division
4th Floor, 2365 Albert Street
Regina, SK S4P 4K1
Tel: 306-787-5879
Fax: 306-787-5899
Email: sonne.udemgba@gov.sk.ca

Securities - Decision in the Matter of Hibit Technology Ltd.

September 24, 2025 - The Financial and Consumer Affairs Authority of Saskatchewan published a Decision in the Matter of Hibit Technology Ltd., granting them time-limited relief from certain registration requirements and from prospectus and trade reporting requirements. This relief will allow Hibit Technology Ltd. to distribute Crypto Contracts and operate a platform that facilitates the buying, selling and holding of crypto assets.

Decision

For more information contact:

Securities – The Securities Commission (Adoption of National Instruments) (NI 41-101, NI 44-101, NI 45-106, NI 51-102, MI 51-105, NI 52-109, NI 52-110, NI 58-101, MI 61-101, NI 62-104, NI 71-102 and NI 81-101) Amendment Regulations, 2025

September 19, 2025 – Today the Financial and Consumer Affairs Authority of Saskatchewan is publishing The Securities Commission (Adoption of National Instruments) (NI 41-101, NI 44-101, NI 45-106, NI 51-102, MI 51-105, NI 52-109, NI 52-110, NI 58-101, MI 61-101, NI 62-104, NI 71-102 and NI 81-101) Amendment Regulations, 2025.

The purpose of the Amendment Regulations is to codify previously granted relief related to changes at some recognized exchanges and to align securities legislation requirements with the August 2022 requirements with changes made to the Canada Business Corporations Act (CBCA) and the Canada Business Corporations Regulations, 2001.

The Amendment Regulations address the following:

the creation of a senior tier at the Canadian Securities Exchange (CSE), which is intended to be a non-venture tier;
to ensure that requirements for non-venture issuers will also apply to those reporting issuers that are listed on the CSE Senior Tier;
the name change of the PLUS markets to AQSE Growth Market;
the name change of NEO Exchange Inc. to Cboe Canada Inc.; and,
amendments to the CBCA dealing with “majority voting”.

The Amendment Regulations will come into force on September 19, 2025.

SR 67-2025 Filed 41-101 NI, et al AR - September 19, 2025

For more information, contact:

Securities Division

4th Floor, 2365 Albert Street

Regina, Saskatchewan S4P 4K1

Tel: (306)787-5645

Fax: (306)787-5899

Email: fcaa@gov.sk.ca