News & Analysis as of

Canada Regulatory Reform

Stikeman Elliott LLP

Regulatory Amendments Impacting Drug and Medical Device Recalls Coming Into Force

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On December 17, 2024, recent amendments to the Food and Drug Regulations (FDR) and the Medical Devices Regulations (MDR) relating to the recall of drugs and medical devices will come into force....more

White & Case LLP

AI Watch: Global regulatory tracker - Canada

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AIDA expected to regulate AI at the federal level in Canada but provincial legislatures have yet to be introduced. Laws/Regulations directly regulating AI (the “AI Regulations”) Canada is expected to regulate AI at the...more

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Passage of Bill C-34: An Overhaul of Canada’s Foreign Direct Investment Regime

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With the passage through Parliament of Bill C-34 on March 22, 2024, long contemplated changes to Canada’s foreign investment review regime are set to dramatically overhaul Canada’s FDI framework. ...more

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CSA Propose Binding Dispute Resolution Framework for Retail Client Complaints

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The Canadian Securities Administrators (“CSA”) have proposed amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”) and changes to its companion policy...more

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Increased Investment Canada Act Review Thresholds Announced for 2024

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The Canadian government has increased the monetary thresholds to determine whether a net benefit review of a foreign investment in Canada is required under the Investment Canada Act for 2024. All acquisitions of control of...more

Schwabe, Williamson & Wyatt PC

New Artificial Intelligence Laws Are Set in Motion This Year

The past year will be regarded as a pivotal year for advances in artificial intelligence (AI). As the year comes to an end, lawmakers are hurrying to establish rules for the rapidly evolving technology, hoping to stimulate...more

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New Sweeping Competition Powers for the Canadian Government

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With the passing of Bill C-56, the most recent in an ongoing series of amendments to the Competition Act have now been enacted (with more expected to follow). The Commissioner of Competition has been pushing for amendments to...more

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Government’s “Generational Changes to Competition Law in Canada” Increase Risks for Canadian Businesses

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On November 28, 2023 the Canadian government unveiled another round of amendments to the Competition Act that had been previewed in its Fall Economic Statement the previous week. These changes, together with several...more

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Update on Abuse of Dominance: New Competition Bureau Guidance and First Private Access Application

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The Competition Bureau’s new guidance on and the amendments to the abuse of dominance provisions in the Competition Act significantly expand the scope of these provisions. These developments, coupled with private access to...more

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CSA Propose Amendments to Shelf Prospectus Regime for WKSIs

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On September 21, 2023, the Canadian Securities Administrators (“CSA”) announced proposed amendments to National Instrument 44-102 Shelf Distributions (“NI 44-102”) relating to well-known seasoned issuers ("WKSIs")as well as...more

Stikeman Elliott LLP

Government-Ordered Market Studies and Less Efficiencies: Canadian Government Introduces Amendments to the Competition Act

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The Canadian government has proposed giving the Minister of Innovation, Science and Industry the ability to direct the Competition Bureau to conduct market studies with the ability to compel production of related documents...more

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Privacy Authorities Press Platforms to Protect Publicly Posted Personal Information

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The Privacy Commissioner of Canada and other international data protection authorities recently issued a joint statement urging websites and social media platforms to do more to protect personal information from unlawful data...more

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Clean Energy Incentives: August 4, 2023 Legislative Proposals Relating to the Income Tax Act and Regulations

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On August 4, 2023, the Department of Finance of Canada released significant legislative proposals relating to the federal government’s proposed measures to grow Canada’s clean economy. The release includes the draft...more

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OSC Publishes Considerations for Public Accounting Firms in Developing Internal Ethics Policies and Procedures

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The Ontario Securities Commission (“OSC”) recently published OSC Staff Notice 52-724 Considerations for Public Accounting Firms in Developing Internal Ethics Policies and Procedures (the “Notice”). The Notice summarizes...more

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OSC and AMF Request Comment on Application for Designated Interest Rate Benchmark and Designated Benchmark Administrator

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The Ontario Securities Commission and the Autorité des marchés financiers (the “Regulators”) recently received an application (the “Application”) from CanDeal Benchmark Administration Services Inc. (“CBAS”) to have Term CORRA...more

Dickinson Wright

Canadian Intellectual Property Fees on the Rise in 2024

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On June 1, 2023, the Canadian Intellectual Property Office (CIPO) introduced amendments to fee schedules set out in the Patent Rules, Trademarks Regulations, Industrial Design Regulations, and Copyright Regulations and will...more

Stikeman Elliott LLP

CSA Defer Launch of SEDAR+: New Target is July 25, 2023

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On June 1, 2023, the Canadian Securities Administrators (CSA) announced a delay in the launch date for the “System for Electronic Data Analysis and Retrieval +” (SEDAR+). Originally scheduled for June 13, 2023, the SEDAR+...more

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TSX Amends Rules for Pricing of Public Offerings

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On April 20, 2023, the Toronto Stock Exchange (the “TSX”) adopted, and the OSC provided its notice of approval for, certain amendments (the “Amendments”) to more clearly define the factors that the TSX will now consider when...more

Stikeman Elliott LLP

CSE Makes Significant Changes to Listing Policies and Forms, Including a New “Non-Venture Issuer” Tier

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Following a comment period and further review, CNSX Markets Inc. (the CSE) has received approval from the Ontario and British Columbia securities commissions to implement significant changes to its listing policies and forms....more

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OSC Enters into Cooperation MOU with NYSDFS

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The Ontario Securities Commission (OSC) recently announced that it has entered into a Memorandum of Understanding (MOU) with the New York State Department of Financial Services (NYSDFS) to facilitate cooperation and the...more

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Ontario Government Proposes New Provincial Planning Statement and Other Measures to Increase Housing Supply

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On April 6, 2023, the Ontario government introduced a suite of legislative, regulatory, and policy proposals to tackle the housing supply crisis, including a new Provincial Planning Statement to streamline the rules around...more

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Enhanced Disclosure Rules Coming into Effect for Issuers Involved in Real Estate Activities or Acting as Collective Investment...

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In December 2022, the Canadian Securities Administrators announced the adoption of amendments to National Instrument 45-106 Prospectus Exemptions applicable to issuers engaged in real estate activities or acting as collective...more

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TSX Requests Comments on Proposed Amendments to Section 606 of the Company Manual

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On December 1, 2022, the Toronto Stock Exchange (TSX) published for comment certain proposed amendments (the Proposed Amendments) to Section 606 – Prospectus Offerings of the TSX Company Manual (the Manual). The Proposed...more

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Personal Information Protection in Québec: Preparing for the Next Round of “Bill 64” Amendments in September 2023

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The second wave of “Bill 64” amendments to Québec’s private-sector privacy legislation – the Act respecting the protection of personal information in the private sector (“PPIPS”) – will take effect on September 22, 2023. In...more

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Five Privacy Trends to Follow in 2023

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As the new year begins, we thought we would focus on three laws (two laws and one bill, actually) and two decisions that will most certainly affect the privacy landscape for Canadian businesses in 2023....more

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