The LTEP:  A Fundamentally New Planning Approach By George Vegh Although largely unnoticed at the time, the passage of Bill 135 fundamentally changed energy regulation in Ontario. It created a new planning process centered on the creation and implementation of government-drafted Long Term Energy Plans, or LTEPS.  This new process starts with the LTEP and continues on through agency implementation plans that are approved and overseen by the government.  View Full Post
On October 18th, 2017 the U.S. Consumer Financial Protection Bureau (“CFPB”) outlined the principles to be followed (“Principles”) when consumers authorize third party companies to access their financial data to provide certain financial products and services. These principles will be of particular note to the Fintech sector, in which a significant number of companies incorporate into their business model some kind of aggregation or sharing of consumer financial information. View Full Post
On October 19, 2017, the Canadian Securities Administrators (“CSA”), representing provincial and territorial securities regulators, issued CSA Staff Notice 33-321 – Cyber Security and Social Media (the “Notice”). The Notice serves to publish the results of the CSA’s survey of cybersecurity and social media practices of registered firms dealing in securities, including those registered as investment fund managers, portfolio managers, and exempt market dealers. View Full Post
Global Class Actions Gain Traction – Ontario Assumes Jurisdiction over Absent Foreign Claimants By Charlotte-Anne Malischewski and Joseph Ur Can individuals who live outside of Canada, who contracted outside of Canada, and who suffered losses outside of Canada, be part of a proposed class without personally consenting to Canadian jurisdiction? Following the Ontario Court of Appeal’s recent decision in Airia Brands Inc. View Full Post
On August 31, the Basel Committee on Banking Supervision (the “BCBS”) published a consultative document on the implications of Fintech for the financial sector. The consultative document was produced by BCBS’s task force mandated with identifying trends in Fintech developments and assessing the implication of those developments on the financial sector. View Full Post
Canada Bans Facilitation Payments Under Foreign Anti-Corruption Law Canada has formally repealed its exception for “facilitation payments” under its foreign anti-corruption legislation (the Corruption of Foreign Public Officials Act). Canada’s anti-bribery law prohibits anyone from giving or offering a loan, reward, advantage or benefit of any kind — directly or through intermediaries — to a foreign public official as consideration for an act or omission by the latter to obtain or retain a business advantage. View Full Post