Transactions

The Land Registry Office recommends that expropriating authorities submit expropriation plans to the Land Registry Office and wait for review and approval thereof before submitting certificates of approval to the approving authorities for signature.

On March 18, 2020, the Alcohol and Gaming Commission of Ontario (“AGCO”) announced a three month extension for the terms of all active liquor, gaming and cannabis licences, authorizations and registrations. The AGCO will now be further extending the term of all active liquor, gaming and cannabis licences, registrations and authorizations by three additional months to September 18, 2020.

The Canadian Securities Administrators (“CSA”) published a relief order that provides registrants with six additional months to comply with the conflicts of interest provisions in the Client Focused Reforms. The CSA published a second relief order that provides that the relationship disclosure provisions of the Client Focused Reforms will take effect on December 31, 2021.

The Financial Services Regulatory Authority of Ontario (FSRA) has released guidance for insurers about options for providing customers with financial relief during this temporary declared emergency period. This guidance supports the implementation of amendments to Ontario Regulation 7/00 (“Unfair or Deceptive Acts or Practices – UDAP”) approved by the Ontario Government on April 15, 2020.

FSRA is considered an essential workplace and continues to carry out its regulatory duties and is working remotely wherever practicable. Until further notice, the FSRA is deferring the issuance of F2020-21 fee assessments payable under FSRA’s Fee Rule 2019-01 and Deposit Insurance Reserve Fund premiums payable under the Credit Unions and Caisses Populaires Act, 1994.

The Government of Ontario has taken action to support business corporations, not-for-profit corporations, insurers, and share capital social clubs by implementing an Emergency Order to provide flexibility for corporate meetings.

In light of the recent LSO directions regarding remote commissioning, we have put together an outline of an approach that real estate lawyers can consider when obtaining a remote signature from a client. This is not legal advice and has not been approved by the Law Society of Ontario but is rather offered as a resource.

The Canadian Securities Administrators (CSA) will provide temporary relief from some regulatory filings required to be made on or before June 1, 2020.

Entities regulated by FSRA should self-assess what core functions should be prioritized during this period of disruption. Your FSRA contact is available to respond to any questions, comments or concerns you may have on how to respond appropriately to these circumstances and should be informed if you experience, or expect to experience, disruption to any of your critical functionality.

During this time, the IPC will provide limited services to the public, public sector organizations and the health and child and family services sectors. The IPC remains available to public organizations for consultation and discussion on access and privacy matters during this time.