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The OSC mandates notice to a third party whose records are sought by a foreign criminal law enforcement agent

  • Borden Ladner Gervais LLP
  • -
  • Canada
  • -
  • February 22 2011

On December 2, 2009, a panel of the Commission heard submissions in camera on a motion for an order under s.17(1) of the Securities Act (the “Act” ), permitting a foreign securities regulator to disclose to a foreign criminal law enforcement agency certain compelled documents relating to two account holders of a Bank (the Bank was not named in the decision