Perspectives Newsletter
Stikeman Elliott LLP
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Insurance
Recent Regulatory Developments Impacting the Insurance Sector in Québec
Over the past few months, there have been a number of regulatory developments in Québec which will have an important impact on the insurance sector. These include: (i) clarifications on how new French language requirements introduced by Bill 96 apply to insurance contracts; (ii) changes to insurance adjuster licensing rules; (iii) restrictions on the ability of automobile dealers to sell replacement insurance; (iv) a public consultation on modernizing the rules governing licensing and probationary periods under the Act respecting the distribution of financial products and services (“ADFPS”); and (v) the introduction of standardized complaint processing and dispute resolution mechanisms for entities operating in the financial sector. Read more
Ontario Consultation on Regulating Life & Health Managing General Agents Launched
On July 26, 2024, the Ontario Ministry of Finance launched a consultation on proposed amendments to the Insurance Act that would create a regulatory framework for life and health managing general agents (L&H MGAs) and those that perform the functions of L&H MGAs. The amendments set out the proposed licensing system while giving the Financial Services Regulatory Authority of Ontario (FSRA) authority to establish professional standards and make rules with respect to the required compliance systems. A Ministry of Finance consultation paper provides important additional information. Comments on the proposed framework will be received until September 9, 2024. Read more
Capital Markets & Securities
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OSC Proposes New Rules for Distributing Funds Paid Under Disgorgement Orders
Stikeman Elliott
The Ontario Securities Commission (“OSC”) recently published for comment proposed rules and policies that would establish a process to distribute funds that the OSC receives under disgorgement orders to harmed investors. The OSC modelled its proposal after the British Columbia Securities Commission’s statutory framework for distributing disgorged funds and incorporated elements from other jurisdictions’ distribution processes. Read more
Life Sciences & Healthcare
Regulatory Amendments Impacting Drug and Medical Device Recalls Coming into Force
On December 17, 2024, recent amendments to the Food and Drug Regulations and the Medical Devices Regulations relating to the recall of drugs and medical devices will come into force. These new requirements establish reporting and other obligations for industry when recalling (voluntarily or per an order from Health Canada) a drug or medical device. In summary, they establish timelines within which manufacturers must report recalls to Health Canada, require the submission of a recall strategy and draft customer communications and establish requirements for post-recall reporting and record keeping. Read more
Mergers & Acquisitions
Building Entrepreneurship Through Acquisition
In this episode of "Views from the Market", our Midmarket M&A and private equity podcast, Stikeman Elliott's Mario Nigro speaks with Liz MacRae about Village Wellth. This unique platform provides entrepreneurial acquirors – often in the market for the first time – with the preparation, resources, advisory services and contacts they need to find, evaluate and finance business acquisitions. The other side of the Village Wellth coin is the opportunity it gives to sellers to increase their visibility and discover potential buyers. Liz and Mario also discuss recent trends in the Canadian acquisition market, including the expanding awareness of Entrepreneurship Through Acquisition (ETA) and the emergence of more family and female buyers. Listen to the podcast
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Directeur artistique et illustrateur
3 个月Thanks for sharing