Banking and Financial Services Banking and Financial Services

Good news to report about Canadian trade reports – Private placement trade reporting becomes easier in October

In June 2016, the Canadian Securities Administrators (CSA) introduced new rules for reporting sales of securities in Canada under private placement...

IIROC’s enforcement authority gets a stronger legal backbone

The Investment Industry Regulatory Organization of Canada (IIROC) recently released its 2017 Enforcement Report. Chief among this past...

Ontario Court of Appeal clarifies jurisdictional limits of secondary market claims in Yip v. HSBC Holdings plc

The recent judgment of the Ontario Court of Appeal in Yip v. HSBC Holdings plc provides helpful guidance on the jurisdictional limits of secondary...

CSA announces harmonized approach toward client focused reforms and policy on embedded commissions

The Canadian Securities Administrators recently announced a comprehensive, harmonized approach for addressing investor protection concerns regarding...

Toronto Stock Exchange proposes to amend public company acquisition buy-side security holder approval requirement

The Toronto Stock Exchange (TSX) is proposing to amend the requirement for buy-side security holder approval in connection with a dilutive...

CSA publishes harmonized response to concerns regarding client-registrant relationship

On June 21, 2018, the Canadian Securities Administrators (CSA) released two published notices concerning investor protection initiatives.  The...

The AMF is called to order by the Québec Superior Court

In a rare judgment, the Québec Superior Court dismissed an administrative decision rendered by the Autorité des marchés financiers (the AMF, the...

“Wake-up call” for Australian Boards: Regulator identifies shortcomings in Bank’s practices

In the wake of the 2008 financial crisis and revelations concerning Wells Fargo’s sales practices, numerous reviews have been launched by...

OSC reaches settlement with former legal assistant who tipped on major M&A transactions

On April 20, 2018, the Ontario Securities Commission (OSC) reached a settlement with Donna Hutchinson, a former legal assistant, for providing a...