Category: Practice Areas

Cybersecurity Month: Learn How to Safeguard Your Business from Cyber Threats

October 15, 2019

In an increasingly digitized world, data has become one of the most valuable assets of an organization, and data breaches have become more common and sophisticated. It is often not a matter of “if” but “when” a data breach will occur. A cyberattack can have a devastating financial and reputational effect on your business, costing millions of dollars. As part of…

Leading the Defence: 5 Practical Strategies to Respond to a Cybersecurity Incident

October 15, 2019

Cybersecurity incidents are becoming increasingly prevalent and sophisticated in nature, often resulting in, among other things, a loss or compromise of sensitive confidential or person information, material business interruption and significant remediation costs, reputational damage, and litigation exposure. In order to successfully respond to, and contain a, cybersecurity incident, businesses must act quickly and methodically, especially during the critical first…

Cyber Health Check: How Prepared Is Your Business?

October 9, 2019

As cyberattacks become both more prevalent and complex, it’s often no longer a matter of “if”, but “when” a breach will occur. However, organizations can take steps to reduce the risk of a breach and to mitigate the impact of a breach should one occur. We outline below five things businesses and business leaders should do to protect against, and…

Mortgage Lenders and Brokers Take Note: Ontario Proposes Changes to Modernize Regulation of Provincial Mortgage Businesses

October 9, 2019

The Ministry of Finance recently released Protecting and Modernizing Ontario’s Mortgage Broker Industry, a report on the legislated five-year review of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) led by Attorney General of Ontario Doug Downey and Parliamentary Assistant to the Minister of Finance Stan Cho. The review first launched in November 2018 with a view to improve…

Playing by the New (Patent) Rules: A Guide to Upcoming Changes to Canada’s Patent Procedures

October 8, 2019

Autumn is known as a season of change, and this is certainly holding true for Canada’s patent system. On October 30, 2019, a host of amendments to Canada’s Patent Rules will come into effect to implement previously enacted amendments to Canada’s Patent Act and to bring Canada into compliance with requirements under the Patent Law Treaty (PLT). These changes will…

Mandatory “Say-on-Pay” May Be on the Way in Canada

October 7, 2019

A Canadian legal requirement to present an advisory “Say-on-Pay” shareholder vote—a shareholder vote approving a company’s approach to executive compensation—is potentially on the horizon for certain Canadian public companies. As a result, Canadian public companies that have not yet done so—particularly those that are federally incorporated—may be considering whether to voluntarily adopt a Say-on-Pay vote for the upcoming proxy season….

Governance Policy Check-Up: It May Be Overdue

October 3, 2019

With an ever-shifting regulatory landscape filled with complex and evolving risks, public companies need to be vigilant in ensuring that their governance policies appropriately reflect current best practices. However, one size does not fit all, so it is critical to both understand the particular context of the organizational structure, as well as the menu of practices that facilitate the proper…

Enforcement Highlights from the 2019 OSC Annual Report

October 2, 2019

The Ontario Securities Commission (OSC) recently released its 2019 OSC Annual Report (Report), which provides enforcement statistics from 2019 and discusses the OSC’s priorities for 2020. KEY ENFORCEMENT TAKEAWAYS The OSC has focused on discouraging “repeat offenders, fraudulent activity and other serious breaches of the Securities Act or violations of the Criminal Code” through its enforcement actions and sanctions and…

What the Dissolution of Parliament Means for Financial Institutions Legislation in Canada

October 2, 2019

On September 11, 2019, Governor General of Canada Julie Payette dissolved Parliament and called a federal general election to be held on October 21, 2019. As a result of the dissolution of Parliament, the following bills died on the Order Paper: Bill C-100, An Act to implement the Agreement between Canada, the United States of America and the United Mexican…

Alert: FSRA Announces “One-Time Opportunity” for Outstanding Pension Plan Filings

September 26, 2019

The Financial Services Regulatory Authority of Ontario (FSRA) has announced a “one-time opportunity” to avoid incurring summary administrative penalties for late filing requirements under the Pension Benefits Act (Ontario) (PBA). FSRA indicated that it would be contacting plans with identified outstanding filings. If the specified outstanding filings due before September 30, 2019 are filed by October 31, 2019, summary administrative…