Tag: OSC

Bay Street Toronto
November 15, 2017 BY LeapRate Staff

Omega Securities opposing OSC attempt to shut down its equities trading platform

Toronto based Omega Securities Inc. has announced that it plans to vigorously oppose a temporary order that is being sought by staff of the Ontario Securities Commission (“OSC”), Canada's largest securities regulator, to suspend the registration of, and cease trading of any securities by the company, effective Friday, November 17. Omega’s trading platforms account for…

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November 07, 2017 BY Valentina Kirilova

OSC extends term of Chair and CEO Maureen Jensen

The Ontario Securities Commission (OSC) has announced that the term of Maureen Jensen, Chair and Chief Executive Officer (CEO) of the OSC, has been extended for three years by the Ontario Ministry of Finance. The Order in Council is accessible on the Ontario Government’s website. Maureen Jensen is an outstanding leader who brings exceptional value…

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OSC
July 05, 2017 BY Valentina Kirilova

OSC approves settlement agreement with Electrovaya Inc. and Sankar Das Gupta

The Ontario Securities Commission (OSC) announced that has approved a settlement agreement with Electrovaya Inc. and its President and Chief Executive Officer, Dr. Sankar Das Gupta, in connection with the company’s failure to comply with disclosure obligations, including its failure to update forward-looking information. This settlement agreement follows allegations by OSC Staff that Electrovaya issued…

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OSC
June 29, 2017 BY Valentina Kirilova

OSC approves no-contest settlement agreement with RBC Dominion Securities Inc., Royal Mutual Funds Inc. and more

The Ontario Securities Commission (OSC) announced that has approved a no-contest settlement agreement with RBC Dominion Securities Inc., Royal Mutual Funds Inc., and RBC Philips, Hager & North Investment Counsel Inc. (the RBC Registrants) in relation to a matter that the RBC Registrants discovered and self-reported to the OSC. This settlement follows allegations by OSC…

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June 21, 2017 BY Valentina Kirilova

OSC launches revamped investor education website GetSmarterAboutMoney.ca

The Ontario Securities Commission (OSC) today launched a newly redesigned and mobile-friendly GetSmarterAboutMoney.ca. GetSmarterAboutMoney.ca is an investor education website that provides investors with unbiased information and interactive resources to help them make informed investment decisions. The OSC has redeveloped the website from the ground up to enable visitors using mobile devices and tablets to engage…

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June 16, 2017 BY Valentina Kirilova

OSC announces increased activity in Ontario’s exempt market

The Ontario Securities Commission (OSC) announced that has published OSC Staff Notice 45-715 2017 Ontario Exempt Market Report, which provides a snapshot of the current state of Ontario’s exempt market and a preliminary assessment of recent regulatory reforms. The report summarizes capital raising activity by corporate (non-investment fund) issuers in Ontario’s exempt market during 2015…

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May 25, 2017 BY Valentina Kirilova

OSC publishes paper on Responsive Market Regulation

The Ontario Securities Commission (OSC) today released A Framework for Responsive Market Regulation, a paper presented at Oxford University that addresses how Canadian regulators are responding to changes in the market while protecting investors. As our capital markets evolve, we must have the courage to foster a responsive regulatory climate that allows innovation while ensuring…

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March 17, 2017 BY Valentina Kirilova

Canadian securities regulators provide guidance for disclosure improvements

The securities regulatory authorities in Ontario, Alberta, and Saskatchewan (the participating jurisdictions) released CSA Multilateral Staff Notice 51-349 Report on the Review of Investment Entities and Guide for Disclosure Improvements, which summarizes key findings from an Ontario Securities Commission (OSC) staff review of the continuous disclosure of reporting issuers that meet the definition of an…

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March 07, 2017 BY Valentina Kirilova

OSC announces new Commissioner appointments

Ontario Securities Commission (OSC) Chair and CEO Maureen Jensen announced today the following appointments to the OSC. The Commissioners will each serve a two-year term effective February 2, 2017. Robert P. Hutchison spent more than 40 years with Borden Ladner Gervais LLP, where he practiced business law, focusing on financial services. In addition to advising…

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March 07, 2017 BY Valentina Kirilova

OSC shares insights from Canada’s first Regulatory Hackathon

The Ontario Securities Commission (OSC) published a white paper and video to highlight key insights gained from RegHackTO, the first hackathon by a securities regulator in Canada. Held in November 2016, RegHackTO brought together more than 120 members of the Canadian fintech community who competed to find solutions to regulatory problems in four areas: RegTech,…

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