Federal Financial Institutions Legislative and Regulatory Reporter

7/31/2015

The Reporter provides a monthly summary of Canadian federal legislative and regulatory developments of relevance to federally regulated financial institutions.

Borden Ladner Gervais Leads Prosecution in Landmark Regulatory Case

7/31/2015

​Borden Ladner Gervais Leads Prosecution in Landmark Regulatory Case

OSC Staff Guidance on Portfolio Liquidity for Investment Funds — Eight Key Compliance Considerations

7/30/2015

On June 25, 2015, the OSC issued OSC Staff Notice 81-727 Report on Staff’s Continuous Disclosure Review of Mutual Fund Practices Relating to Portfolio Liquidity.

Intellectual Property Weekly Abstracts Bulletin – Week of July 27

7/29/2015

​The Federal Court considered and dismissed allegations relating to double patenting, insufficiency and lack of standing. The Court granted the prohibition order sought by Eli Lilly.

Risk-Based Pension Plan Review Announced by Canada Revenue Agency

7/28/2015

The CRA announced changes to its registered pension plan review process, which will be based upon risk criteria.

Signing of a new agreement between Québec Government and Eeyou Istchee Cree Nation

7/27/2015

​The Québec Government and the Eeyou Istchee Cree Nation recently announced the signing of a new agreement which settles a longstanding dispute pending before the Québec courts

CRA Forces Disclosure of Uncertain Tax Position Analysis Prepared for Financial Statement Process

7/23/2015

​Companies required to prepare financial statements are typically obligated to estimate and take reserves for potential exposures, including any UTP that might successfully be challenged by tax authorities.

Lenders: Be Aware of Potentially Shorter Limitation Periods for Enforcing Demand Loans

7/20/2015

Are you a lender of a demand loan? The time limit you have to enforce payment of the loan may be shorter than expected pursuant to British Columbia's current Limitation Act1 which came into effect June 1, 2013.