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Changes to Monthly Sanctions Reporting Requirement

May 13, 2019

Recently, the federal government published amendments to the regulations made under the United Nations Act (UN Act) and the Special Economic Measures Act (SEMA), Canada’s key sanctions legislation. Among other changes, the amendments modify the monthly sanctions reporting obligation for Canadian-regulated financial institutions and securities dealers. On May 10, 2019, the Office of the Superintendent of Financial Institutions (OSFI) issued…

A Primer on Canadian Sanctions Legislation

May 13, 2019

Canada, like other major jurisdictions, has a broad range of economic and financial sanctions targeting foreign states and their nationals, as well as various terrorist organizations. Given that Canada is in many ways a trading nation, and many Canadian businesses have ties elsewhere, sanctions laws have a significant impact not only on the target countries but also on Canadian businesses….

CSA Propose New National Records Filing System to Replace SEDAR, SEDI and NRD

May 10, 2019

The Canadian Securities Administrators (CSA) are seeking input on the development of an integrated and comprehensive records filing system for Canada’s capital markets (Renewed System) that will, among other things, replace the System for Electronic Document Analysis and Retrieval (SEDAR), the System for Electronic Disclosure by Insiders (SEDI), the National Registration Database (NRD) and various local records filing systems. On…

Proposed Privacy Class Action “Collapses in its Entirety” on Commonality

May 8, 2019

On May 7, 2019, in Kaplan v. Casino Rama Services Inc. (Kaplan), the Ontario Superior Court of Justice refused to certify a privacy class action arising out of a criminal cyberattack that included allegations of breach of privacy, breach of contract and negligence. The decision comes on the heels of another recent decision denying certification of a privacy class action,…

Significant Changes to Canada’s Cannabis Licensing Process

May 8, 2019

Health Canada has issued a press release stating that it is changing the application process for licences to cultivate cannabis, process cannabis or sell cannabis for medical purposes (Commercial Licences). Effective immediately, Health Canada will require new applicants for Commercial Licences to have a completed site that meets all the requirements of the Cannabis Act (Act) and Cannabis Regulations (Regulations) at the time…

New Canadian Commissioner of Competition Sends Message of Active and Vigorous Enforcement

May 7, 2019

Canadian Commissioner of Competition Matthew Boswell provided the keynote address at the Canadian Bar Association’s Competition Law Spring Conference in Toronto on May 7, 2019. Commissioner Boswell was appointed for a five-year term on March 5, 2019, and his comments are an important early indication of the future direction for competition law enforcement in Canada. WHAT BUSINESSES NEED TO KNOW…

CBCA Amendments: New Register to Track Individuals with Significant Control

May 1, 2019

On June 13, 2019, Bill C-86, Budget Implementation Act, 2018, No. 2 (Bill C-86), will come into force. Bill C-86 received royal assent on December 13, 2018 and provides for various amendments to the Canada Business Corporations Act (CBCA). A significant amendment to the CBCA included in Bill C-86 is the new requirement that all private corporations establish a register…

Canada’s New Registry Requirements for Online Political Ads Take Effect June 2019

April 30, 2019

Federal electoral law is imposing significant and important changes on the digital advertising landscape. On June 13, 2019, Bill C-76 An Act to amend the Canada Elections Act and other Acts and to make certain consequential amendments (Bill C-76) will bring into force changes to the Canada Elections Act (Act) relating to paid political advertisements through online platforms. Amendments to…

Important Changes for Third Parties in the Canada Elections Act

April 17, 2019

Recent changes to the Canada Elections Act (Act) will have wide-ranging and important implications for businesses, industry associations, advocacy groups, community groups, unions and other persons who communicate with political parties or campaigns before and during federal elections. The newly introduced restrictions, among other things, include extensive communication, expenditure and collusion prohibitions, which will apply as early as June 30…

2019 Ontario Budget: Gaming Highlights

April 12, 2019

On April 11, 2019, the Government of Ontario released its 2019 budget (2019 Budget), which includes several proposals that will impact the gaming landscape in Ontario once implemented. The gaming-related highlights from the 2019 Budget are summarized below. SINGLE-EVENT SPORTS WAGERING As previously indicated by Ontario’s Minister of Finance, Victor Fedeli, the 2019 Budget reaffirms Ontario’s Progressive Conservative government’s commitment…