Insights
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Bulletin | 2020 Year-End Edition | December 2020
In this month’s bulletin, we provide a full 2020 regulatory highlights recap, discuss OSC’s corporate finance branch Report, important investment funds deadlines, updated CFR rules, and more.
AUM Law Participates in CAASA Webinar
As a proud member of the Canadian Association of Alternative Strategies and Assets (CAASA), AUM Law is pleased to contribute to CAASA’s...
Check Out Our New Videos
In connection with sponsoring the recent PMAC compliance conference, we put together an “about us” video that you can watch on our YouTube...
CSA Publishes Guidance on Automatic Securities Disposition Plans
On December 10, the Canadian Securities Administrators published guidance (including “recommended best practices”) for issuers and...
OSC Publishes Report on Exempt Market Activity
On December 10, the OSC published a report on recent capital raising activity in the exempt market by corporate (i.e., non investment-fund...
MFDA and IIROC Publish Proposed CFR Rules
The Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) have both...
Activist Short Selling
On December 3, the Canadian Securities Administrators (CSA) published Consultation Paper 25-403 Activist Short Selling “to facilitate...
OSC Publishes Final Amendments Regarding Syndicated Mortgages
On December 7, the Ontario Securities Commission (OSC) released the final amendments to OSC Rule 45-501 Ontario Prospectus and...
FAIR Funding
In some welcome news for investor advocates, the OSC recently announced that it will provide $3.75 million to FAIR Canada (FAIR), a...
Tipster Trio Shares OSC Whistleblower Payout
On November 17, the Ontario Securities Commission (OSC) announced that it has awarded a total of $585,000 to three whistleblowers, each of...
OSC to Leave Fees Alone for Now
On November 12, the Ontario Securities Commission (OSC) published OSC Notice 13-708 whereby it informed market participants that after...
OSC Research Study Offers Suggestions to Help Investment Industry Get Trusted Contact Person Information from Clients
Earlier this year, the Canadian Securities Administrators proposed amendments that will require registrants to take reasonable steps to...
OSC Proposes Elimination of Routine Exemptive Relief Applications for International Firms
Welcome news for International Firms! Currently, certain international firms doing business in Ontario in reliance on statutory...
Government Introduces Bill Proposing Significant Changes to Federal Privacy Legislation
The Government of Canada has big plans for privacy protection in Canada. It has proposed the Digital Charter Implementation Act, which is...
Two Western Provinces Consult on Innovative Prospectus Exemption
The Alberta Securities Commission and the Financial and Consumer Affairs Authority of Saskatchewan are proposing an interesting new...
OSC Seeks Comment on Proposed Priorities for 2021-22
On November 16, the Ontario Securities Commission (OSC) published OSC Notice 11-791 Statement of Priorities seeking comment on its draft...