SFSC issues temporary ban on two Hong Kong-based companies
Link banned for life from trading in securities
Various amendments that are necessary to implement registration reform have been approved, the Saskatchewan Financial Services Commission (SFSC) said Wednesday.The SFSC notes that legislation amending the province’s securities legislation received royal assent on Dec. 3. It includes amendments to the registration provisions needed to adopt registration reform, and to implement the “business” trigger for registration.The […]
SFSC moves to implement recommendations of Chambers report
Commission erred in failing to provide reasons for its decision, appeal court finds
The Saskatchewan Financial Services Commission announced that several legislative changes, including the introduction of civil liability for secondary market disclosure, will come into force February 15.A new section to its legislation contains provisions that make reporting issuers civilly liable to investors and the secondary market for misrepresentations in their public disclosure, subject to reasonable limitations.These […]
Failure to meet disclosure requirements could lead to forced suspension of offering
New provisions give regulator the power to repay financial losses of up to $100,000 to each investor
Exemption subject to conditions
The bill will implement the passport regulatory system and introduce civil liability for secondary market disclosure, among others