Weekly Reports
Updates for the week ending May 22, 2020
- 51-517 - BC Instrument 51-517 Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020
In light of the impact on issuers (non-investment fund) of recent COVID-19 developments, the BC Securities Commission is providing blanket relief granting a 45-day extension for filing, sending, and delivery requirements relating to certain required periodic disclosure such as annual financial statements, interim reports, MD&A and technical reports, as well as prospectus lapse date extensions for base shelf prospectuses, normally required to be made by issuers during the period from June 2 to August 31, 2020. This relief does not further extend any deadline covered by the relief announced on March 23, 2020.
-
81-521 - BC Instrument 81-521 Extension of Certain Filing, Sending, Delivery and Prospectus Renewal Requirements of Investment Funds with Deadlines during the Period from June 2 to September 30, 2020
In light of the impact on investment fund of recent COVID-19 developments, the BC Securities Commission is providing blanket relief granting a 60-day extension for certain filing, sending, and delivery requirements relating to certain required periodic disclosure such as annual financial statements, interim financial reports, custodian and compliance reports, as well as prospectus lapse date extensions for mutual funds and ETFs that are in continuous distribution, normally required to be made by investment funds from June 2 to September 30, 2020. This relief does not further extend any deadline covered by the relief announced on March 23, 2020.
-
BCN 2020/05 - Notice of Revised British Columbia Securities Commission Policy 15-601 Hearings
The BC Securities Commission has revised procedures for hearings under the Securities Act. The revisions update the Commission’s hearing policy to better reflect recent Court and Commission decisions, developments in electronic hearing policy, and clarify expectations of hearing participants. Further, the revisions reflect recent statutory amendments to the Securities Act. The revised hearing policy is effective immediately.
- News release 2020/44 - Temporary relief from certain regulatory filings available to investment funds and non-investment fund issuers due to COVID-19
- News release 2020/45 - BCSC alleges former dealing representative provided false information about work history, and reaches settlement with another for providing false information about qualifications
- News release 2020/46 - Canadian securities regulators provide update to investors in response to COVID-19
- News release 2020/47 - BCSC returns money to fraud victim
Marketplaces, Self Regulatory Organizations (SROs) & Clearing Agencies
- No new documents
- No new events
Decisions, Settlements, Hearings & Temporary Orders
- Hyongsuk Kim - Order and Settlement Agreement
- Lei Qiao - Notice of Hearing
- Application Re Jefferson Franklin Mesidor - Decision
- James Theodore Kentel - Reciprocal Order
- Kurtis Francis Robinson - Reciprocal Order
- Harold Carl Schmidt - Reciprocal Order
- Donald Robert Schiemann - Reciprocal Order
- Mark David Ruf - Reciprocal Order
Cease Trade Orders & Revocations
- For weeks after July 21, 2023, please visit SEDAR+ for information about all cease trade orders (CTO). SEDAR+ includes all CTOs for failure to file as well as CTOs found in enforcement decisions, settlements, and temporary orders from companies and individuals from BC and other Canadian jurisdictions.
If you need further assistance, please reach out to us.
BCSC Contact Centre
Phone: 604-899-6854 or 1-800-373-6393 (toll free across Canada)
Email: inquiries@bcsc.bc.ca
- No new documents