Canadian Securities Regulators Publish Temporary Exemptions For Derivatives Data Reporting Requirements

On October 31, 2024, the Canadian Securities Administrators (CSA) introduced temporary relief from certain derivative data reporting requirements under the Trade Reporting Rules identified below. The relief is provided by way of a local blanket order in Ontario entitled Coordinated Blanket Order 96-932 Re Temporary exemptions from certain...

OSFI Releases Annual Report For Fiscal Year 2023 – 2024

On October 15, 2024, the Office of the Superintendent of Financial Institutions (OSFI) published its annual report for the fiscal year from April 1, 2023 to March 31, 2024 (the “Annual Report”), which provides an overview of OSFI’s performance and major achievements during the year. Throughout the fiscal year, OSFI achieved several key...

The Cineplex Decision – A New Chapter Opens in Canadian Competition Law

The Competition Tribunal released its reasons in Commissioner v. Cineplex on October 3, 2024. It is the first decision under the Competition Act’s “drip pricing” misleading advertising provision, which was added in 2022. This Update discusses important insights from the decision about (i) how the Competition Act’s misleading advertising...

Derivatives Business Conduct Rule Coming into Force this Month; CSA Publishes FAQs

The Canadian Securities Administrators (CSA) recently published CSA Staff Notice 93-302 Frequently Asked Questions About National Instrument 93-101 Derivatives: Business Conduct (FAQs), which clarifies how certain requirements under National Instrument 93-101 Derivatives: Business Conduct Rule (NI 93-101) should be implemented and responds to...

FINTRAC Advisory Concerning Financial Transactions Related to High-Risk Countries Identified by the FATF

On August 2, 2024, the Financial Transactions and Reports Analysis Centre (FINTRAC) issued an updated advisory (the “Advisory”) concerning financial transactions related to countries identified by the Financial Action Task Force (FATF) as high-risk jurisdictions and under increased monitoring.