MFDA and IIROC Members vote to amalgamate and form “New SRO”

In a vote held on September 29, 2022, members of the Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) voted and passed a special resolution approving the amalgamation of the two self-regulatory organizations into one body. This new self-regulatory organization will come into being on January 1, 2023 and, at least for now, be known as the “New Self-Regulatory Organization of Canada” (the New SRO). This is apparently a temporary moniker. Hopefully Canada’s financial services dealers will come up with a more creative permanent name in the near future before people get ... [more] Full article
Supreme Court of Canada clarifies courts have an obligation to follow decisions of courts at the same level in most cases
The Supreme Court of Canada released a decision today (R. v. Sullivan 2022 SCC 19) dealing with an important issue relating to the constitutionality of a provision of the Criminal ... [more] Full article
Where’s the beef? Class action alleges price-fixing, restricting supply
A Quebec class action is being brought against four beef companies that are alleged to have an 85% share of the Canadian market and an 80% of the American market. ... [more] Full article
Court of Appeal for Ontario to resume In-Person Hearings
Yesterday, the Court of Appeal for Ontario announced that it will begin hearing appeals and panel motions (motions before a full panel of three judges) in person starting on April ... [more] Full article