Category: Industries

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Public-Private Partnership Legislation Heralds New Investment Opportunities in Burkina Faso

April 14, 2014

  BURKINA FASO INVESTMENT CONTEXT   Over the last decade, the government of Burkina Faso has undertaken a series of institutional and legislative reforms in an attempt to create a favourable climate for foreign investment. As part of its 2011-15 strategy for accelerated growth and long-term investment (in French, Stratégie de croissance accélérée et de développement durable or SCADD), the government’s goals…

Bill Proposes Changes to Federal Election Laws

April 7, 2014

  Earlier this year, federal Democratic Reform Minister Pierre Poilievre introduced Bill C-23 – The Fair Elections Act (Bill), which proposes a number of changes to Canadian election law, including an increase in annual contribution limits for individuals.     INCREASE TO CONTRIBUTION LIMITS   The Bill proposes an increase for annual contribution limits for individuals to C$1,500, up from C$1,200. The…

Important Changes to Canada’s AML Laws: Here We Go Again

April 3, 2014

  On March 28, 2014, the federal government introduced important proposed amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PC Act), Canada’s anti-money laundering legislation. The proposed amendments are introduced by Bill C-31, the Economic Action Plan 2014 Act, No. 1, which implements certain provisions of the federal budget tabled on February 22, 2014. Among other proposed changes, Bill C-31:…

Pot of Gold: The Commercialization of Medical Marijuana

April 3, 2014

  On April 1, 2014, the new Marihuana for Medical Purposes Regulations (MMPR) supplanted the 13-year-oldMarihuana Medical Access Regulations (MMAR). The MMPR overhauls Health Canada’s medical marijuana program by replacing a system of small-scale home growers with a commercial network of licensed producers. Although a recent Federal Court decision has temporarily exempted certain home growers from the repeal of the MMAR, licensed producers…

Ontario Proposes Calorie Counts on Menus

March 11, 2014

  On February 24, 2014, the Ontario government introduced Bill 162, Making Healthier Choices Act, 2014 (Act). This follows an announcement in October 2013 that the Ontario government would begin consultations regarding legislation requiring restaurants to include calories and other nutritional information on their menus. If passed, the Act would require restaurant chains and other food service providers with 20 or more…

Outsourcing for Financial Institutions – B-10 is Not Enough

February 20, 2014

  With respect to outsourcing arrangements, federally regulated entities (FREs) are well aware of the expectations of the Office of the Superintendent of Financial Institutions (OSFI) set out in Guideline B-10: Outsourcing of Business Activities, Functions and Processes (Guideline B-10). But OSFI’s expectations with respect to outsourcing arrangements extend beyond Guideline B-10, and compliance with Guideline B-10 is not enough.    …

Happy Hour for Brewers: Government to Modernize Standards for Craft Beer

February 20, 2014

  The Government of Canada announced in its 2014 federal budget that it intends to modernize the compositional standards for beer under the Food and Drug Regulations. Recognizing that certain provisions in the Food and Drug Regulations are not maximizing the potential for growth and innovation in the beer industry, the government will be updating these compositional standards to account for new styles…

Important Financial Services Changes in 2014 Budget

February 14, 2014

  The Economic Action Plan 2014, as the federal government calls its budget, tabled in the House of Commons on February 11, 2014 contains a number of statements regarding financial services regulatory reforms. This bulletin highlights the statements that are of particular interest to private-sector players.     HOUSING FINANCE FRAMEWORK   The Government of Canada announced its intention to continue…

New Regime for Approvals of Reinsurance with a Related Party

February 7, 2014

  New transaction instructions for approvals of reinsurance arrangements between federally regulated insurers (FRIs) and certain related parties are now in effect. The Office of the Superintendent of Financial Institutions (OSFI) states that the new instructions are in response to the calls for greater supervision of “captives” coming from regulators across North America. FRIs considering contracting for reinsurance with a…

Canada’s Anti-Spam Legislation: What It Means to Hit Send

February 4, 2014

Canada’s Anti-Spam Legislation (CASL) will come into force on July 1, 2014. Considered one of the most stringent anti-spam regimes in the world, CASL will have a significant and immediate impact on the electronic communication practices of businesses operating in the Canadian marketplace. Join members of the Blakes anti-spam compliance group as we discuss what businesses need to know to…

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