Page 23 - 2013_2014 NASAA report

NASAA Member Activity | Canada
NASAA Activity Report 13-14.indd
21
Quebec Autorite des marches financiers
Te AMF Quebec started a unique project a monthly webinar on investor
education (IE) tools and programs available in Quebec and Canada. Tis free webinar
ofers one unit of continuing training and education to registered advisors. Te content
includes an overview of fnancial literacy and the main tools, programs, calculators, and
brochures ofered that might be of interest for the advisors clients. Advisors also are
given an overview of initiatives related to AMF Quebec s network of fnancial education
specialists and its partners educational tools and projects. Advisors are invited to order
hard copies of the material. Brochures are written in plan language and help investors be
prepared to meet their advisor.
Saskatchewan Financial and Consumer Affairs Authority
In December 2013, the Authority began allowing small businesses and start-ups in
Saskatchewan to sell stakes in their companies to residents of the province through
the Saskatchewan Equity Crowdfunding Exemption. Te government s Plan for
Growth: Vision 2020 and Beyond highlights the importance of helping Saskatchewan
small businesses and start-ups meet the challenges of growth. Protecting the public
interest is at the top of FCAAs priorities. In addition to other precautions, the Equity
Crowdfunding Exemption limits the amount of money individual investors can risk and
how much individual companies can raise.
Yukon Office of the Superintendent of Securities
In September 2013, the Yukon Government invited a 60-day public review of new
and amended regulations that are the fnal step in modernizing Yukons 30-year-old
business legislation. When approved, these regulations will proclaim amendments to the
Business Corporations Act, Partnership and Business Names Act, Societies Act and Cooperative
Associations Act, as well as consequential amendments to the Personal Property Security
Act brought about by a complete new Securities Transfer Act. Te Business Legislation
Reform Project began in 2008 in parallel with the proclamation of a new Securities
Act, and followed with amendments to the above noted Acts in 2010, as well as further
amendments to the Securities Act in Fall 2012 as part of an ongoing provincial and
territorial securities harmonization initiative in Canada. When complete, Yukon will
have some of the most robust and modern business and securities legislation in Canada,
creating an environment that is welcoming to business while providing appropriate
safeguards to Yukon investors.
23 4/30/2014 2:30:55 PM