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Weekly Reports

Updates for the week ending March 3, 2023

BC Notice 2023/02 - Solicitation of Members for Corporate Finance Stakeholder Forum

The Commission is seeking expressions of interest from British Columbia securities market participants and other stakeholders who are interested in becoming members of the Commission’s Corporate Finance Stakeholder Forum.

News release 2023/13 - B.C. residents must pay $956,000 for role in cross-border fraud
News release 2023/14 - B.C. man who attempted to conceal information from BCSC didn’t obstruct justice, appeals court rules

CSE - Proposed Amendments to CSE Form 2A Listing Statement

The Canadian Securities Exchange is proposing to amend the application of and disclosure requirements in Form 2A. The proposed amendments will repeal the existing detailed form and will define the disclosure requirements by specifically referencing the disclosure required under securities law.
SRO - Housekeeping amendments to Investment Dealer and Partially Consolidated Rules regarding margin requirements for securities loan, repurchase agreements, and reverse repurchase agreements with term risk

This Notice announces the BCSC’s deemed non-objection to housekeeping amendments to the New SRO’s Investment Dealer and Partially Consolidated Rule 5900. The amendments correct an error in the plain language drafting of the term risk margin requirements on financing transactions. The Amendments have been classified as housekeeping and will be effective immediately.