Securities Law & Instruments

OSC Bulletin Volume 41, Issue 12 (March 22, 2018)

(published weekly on behalf of the OSC by Carswell)

Table of Contents


Chapter 1 Notices / News Releases 2267
1.1 Notices 2267
1.1.1 Notice of Ministerial Approval of OSC Rule 72-503 Distributions Outside Canada and Consequential Amendments 2267
1.1.2 OSC Staff Notice 11-779 Seniors Strategy 2268
1.1.3 CSA Staff Notice 23-322 Trading Fee Rebate Pilot Study 2269
1.1.4 Investment Funds Practitioner – March 2018 – Issue #20 2271
1.2 Notices of Hearing 2276
1.2.1 Brian Michael Sutton – ss. 8, 21.7 2276
1.2.2 Investment Industry Regulatory Organization of Canada – ss. 8, 21.7 2277
1.3 Notices of Hearing with Related Statements of Allegations (nil)
1.4 News Releases (nil)
1.5 Notices from the Office of the Secretary 2278
1.5.1 Brian Michael Sutton 2278
1.5.2 Investment Industry Regulatory Organization of Canada 2278
1.5.3 Aurora Cannabis Inc. et al. 2279
1.5.4 Volkmar Guido Hable 2279
1.5.5 Benedict Cheng et al. 2280
1.5.6 Macquarie Capital Markets Canada Ltd., formerly known as Yorkton Securities Inc. 2280
1.5.7 Benedict Cheng et al. 2281
1.6 Notices from the Office of the Secretary with Related Statements of Allegations (nil)
Chapter 2 Decisions, Orders and Rulings 2283
2.1 Decisions 2283
2.1.1 Timbercreek Financial Corp. and National Bank Financial Inc. 2283
2.1.2 Redwood Asset Management Inc. et al. 2289
2.1.3 Chesterfield Resources plc 2293
2.1.4 Sun Life Global Investments (Canada) Inc. and Excel Investment Counsel Inc. 2296
2.2 Orders 2298
2.2.1 Skyharbour Resources Ltd. – s. 1(11)(b) 2298
2.2.2 OC Special Opportunities Fund, LP 2300
2.2.3 Volkmar Guido Hable– ss. 127(1), 127(10) 2303
2.2.4 Benedict Cheng et al. 2304
2.2.5 Acasta Enterprises Inc. – s. 9.1 of MI 61-101 Protection of Minority Security Holders in Special Transactions and s. 6.1 of NI Take-Over Bids and Issuer Bids 2305
2.2.6 Macquarie Capital Markets Canada Ltd., formerly known as Yorkton Securities Inc. – ss. 144(1), 144(2) 2311
2.3 Orders with Related Settlement Agreements (nil)
2.4 Rulings 2321
2.4.1 Trident Brokerage Services LLC – s. 38 of the CFA and s. 6.1 of OSC Rule 91-502 Trades in Recognized Options 2312
Chapter 3 Reasons: Decisions, Orders and Rulings 2325
3.1 OSC Decisions 2325
3.1.1 Aurora Cannabis Inc. et al. – ss. 101 and 134 of the Saskatchewan Securities Act and ss. 104 and 127 of the Ontario Securities Act 2325
3.1.2 Volkmar Guido Hable– ss. 127(1), 127(10) 2351
3.1.3 Macquarie Capital Markets Canada Ltd., formerly known as Yorkton Securities Inc. – ss. 144(1), 144(2) 2356
3.1.4 Benedict Cheng et al. – Rules 28 and 29 of the OSC Rules of Procedure and Forms 2359
3.2 Director's Decisions (nil)
3.3 Court Decisions (nil)
Chapter 4 Cease Trading Orders 2361
4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders 2361
4.2.1 Temporary, Permanent & Rescinding Management Cease Trade Orders 2361
4.2.2 Outstanding Management & Insider Cease Trading Orders 2361
Chapter 5 Rules and Policies

2363

5.1.1 OSC Rule 72-503 Distributions Outside Canada 2363
5.1.2 Companion Policy 72-503 Distributions Outside Canada 2371
5.1.3 Amendments to OSC Rule 11-501 Electronic Delivery of Documents to the Ontario Securities Commission 2374
Chapter 6 Request for Comments (nil)
Chapter 7 Insider Reporting 2375
Chapter 9 Legislation (nil)
Chapter 11 IPOs, New Issues and Secondary Financings 2489
Chapter 12 Registrations 2497
12.1.1 Registrants 2497
Chapter 13 SROs, Marketplaces, and Clearing Agencies and Trade Repositories 2499
13.1 SROs 2499
13.1.1 MFDA – Proposed Continuing Education Requirements for MFDA Members and their Approved Persons 2499
13.2 Marketplaces (nil)
13.3 Clearing Agencies 2500
13.3.1 CDS – Material Amendments to CDS Participant Rules Related to Non-LVTS Settlement Agents – OSC Staff Notice of Request for Comments 2500
13.4 Trade Repositories (nil)
Chapter 25 Other Information 2501
25.1 Approvals 2501
25.1.1 Avenue Investment Management Inc. – s. 213(3)(b) of the LTCA 2501
25.1.2 LionGuard Capital Management Inc.– s. 213(3)(b) of the LTCA 2502
Index 2503