In late July, the Investment Industry Regulatory Organization of
Canada ("IIROC") issued a proposed guidance
("Guidance") in respect of certain trading practices
deemed to be deceptive. The Guidance was drafted largely in
response to the move, over the past number of years, towards
automated order systems which promote high frequency trading, an
activity which is currently estimated to constitute at least
quarter, if not more, of trades on Canadian marketplaces. The
Guidance lists a number of practices, including
"spoofing", "layering" and "quote
stuffing" which are considered to be manipulative and
deceptive trading practices under UMIR marketplace rules. IIROC is
seeking comments on the Guidance and will accept feedback until
October 15, 2012.
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Only going to one mining investment show? Make it this one. PDAC International Convention, Trade Show & Investors Exchange is the world’s leading convention for people, companies and organizations in, or connected with, mineral exploration.
The four-day annual convention held in Toronto, Canada, has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry. In addition to meeting over 900 exhibitors, 22,000 attendees from over 125 countries, it allows you the opportunity to attend technical sessions, short courses as well as social and networking events.
In Sabean v Portage La Prairie Mutual Insurance Co., the Supreme Court of Canada (SCC) found that, in standard form contracts, insurers cannot rely on specialized legal knowledge to advance interpretations departing from the ordinary meaning of provisions.
The use of electronic signatures is becoming increasingly commonplace in commercial transactions, as individuals and businesses capitalize on the administrative efficiency afforded by today’s digital world.
After several months of consultation and deliberations, the Organisation for Economic Co-operation and Development rendered public a revised draft Guidance on Due Diligence for Responsible Business Conduct.
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