OSFI issues final corporate governance guideline for Canadian FRFIs *

Canada - January 29 2013
The Office of the Superintendent of Financial Institutions ("OSFI") has issued a final version of its new guidance with respect to the governance of…

Co-authors: Stephen J. Redican, Jill McCutcheon, Andrew G. Harrison, Crawford Spratt .

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Focus on Canada's payments system heats up *

Canada - April 11 2012
In 2009 and 2010, Canada’s payments systems underwent remarkable scrutiny and was the subject of a host of changes.

Co-authors: Stephen J. Redican, Tiffany Murray.

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Revised OSFI guideline B-6 – Liquidity Principles *

Canada - March 6 2012
The Office of the Superintendent of Financial Institutions (“OSFI”) has released a final version of revised Guideline B-6 – Liquidity Principles (“Guideline”).

Co-authors: Stephen J. Redican, Jenna Grant .

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Government of Ontario ban on private label generics is upheld by Court of Appeal *

Canada - January 9 2012
The complex market and regulatory framework for the sale of drugs in Ontario has been clarified, to some extent, by the recent decision of the Ontario Court of Appeal in an appeal by the Government of Ontario from two orders of the Ontario Divisional Court on applications brought by Shoppers Drug Mart and its affiliates and the Katz Group and its affiliates Pharma Plus and Rexall.

Co-authors: Bonnie Freedman.

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Proposed amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations on ascertaining identity *

Canada - November 18 2011
On November 8, 2011 the Department of Finance (the “Department”) issued a consultation paper seeking input on some proposed amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (the “Regulations”) related to ascertaining identity (the “Consultation Paper”).

Co-authors: Prema K.R. Thiele, Stephen J. Redican, Andrew G. Harrison, Tiffany Murray, Robert Dawkins.

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