Up-to-date Sector Information

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.

The Ontario Securities Commission (OSC) announced that it will be providing temporary relief to market participants by waiving all late fees that accumulate between April 17, 2020 and June 1, 2020. Entities subject to fees under Part 4 of OSC Rule 13-502 Fees are not included in the relief as they will not accumulate late fees during this relief period.

As of April 16, 2020 expanded the Canada Emergency Business Account (CEBA) to businesses that paid between $20,000 and $1.5 million in total payroll in 2019.

April 15, 2020 The Government of Canada announced expanded access to CERB – Canada Emergency Response Benefit

On the advice of the Chief Medical Officer of Health the Ontario government is extending the Declaration of Emergency under the Emergency Management and Civil Protection Act for a further 28 days. 

In addition to the Temporary Billing Changes above for the bar as a whole, LAO will also provide live duty counsel legal advice for in-custody clients with upcoming court appearances and without legal representation for criminal matters starting April 14, 2020.

Legal Aid Ontario has taken further emergency temporary changes to billing and certificate coverage in order to address the continuing challenges of the COVID pandemic

Commencing Thursday October 8, 2020, all 14 division bail matters supporting Old City Hall (courtrooms 111 and 114) will proceed by JVN webRTC video for all justice participants. This follows the September 9 soft launch of the video bail pilot at 14 division.

This is an update on the planned reopening of Ontario courthouses on July 6th.