TORONTO, Jan. 12, 2018 /CNW Telbec/ - On October 16, 2017, the CSA published Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities. The notice outlined a disclosure-based approach to highlight risks facing issuers with U.S. marijuana-related activities and reflected the existence of a U.S. federal government forbearance approach (per the Cole Memorandum) to the enforcement of federal laws relating to marijuana.
The notice indicated that we would re-examine our views in the event that the U.S. federal government's approach were to change.
On January 4, 2018, the U.S. Attorney General rescinded all previous guidance specific to federal law enforcement relating to marijuana, including the prior approach under the Cole Memorandum.
The CSA is considering whether our disclosure-based approach for issuers with U.S. marijuana-related activities remains appropriate in light of the rescission of the Cole Memorandum. Issuers with no U.S. marijuana-related activities and that otherwise operate in compliance with applicable Canadian laws are not the focus.
We will communicate more details about our position shortly.
The CSA, the council of securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.
| For more information: |
|
| Kristen Rose |
Hilary McMeekin |
| Ontario Securities Commission |
Alberta Securities Commission |
| 416-593-2336 |
403-592-8186 |
| Alison Walker |
Sylvain Théberge |
| British Columbia Securities Commission |
Autorité des marchés financiers |
| 604-899-6713 |
514-940-2176 |
| Jason (Jay) Booth |
Erin King |
| Manitoba Securities Commission |
Financial and Consumer Services |
| 204-945-1660 |
Commission, New Brunswick |
| 506-643-7045 |
|
| David Harrison |
Steve Dowling |
| Nova Scotia Securities Commission |
Government of Prince Edward Island, |
| 902 424-8586 |
Superintendent of Securities |
| 902-368-6288 |
|
| John O'Brien |
Rhonda Horte |
| Office of the Superintendent of Securities |
Office of the Yukon Superintendent of |
| Newfoundland and Labrador |
Securities |
| 709 729-4909 |
867-667-5466 |
| Jeff Mason |
Tom Hall |
| Nunavut Securities Office |
Office of the Superintendent of Securities |
| 867-975-6591 |
Northwest Territories |
| 867-767-9305 |
|
| Shannon McMillan |
|
| Financial and Consumer Affairs |
|
| Authority of Saskatchewan |
|
| 306-798-4160 |
|
SOURCE Autorité des marchés financiers
Kristen Rose, Ontario Securities Commission, 416-593-2336; Hilary McMeekin, Alberta Securities Commission, 403-592-8186; Alison Walker, British Columbia Securities Commission, 604-899-6713; Sylvain Théberge, Autorité des marchés financiers, 514-940-21760; Jason (Jay) Booth, Manitoba Securities Commission, 204-945-1660; Erin King, Financial and Consumer Services, Commission, New Brunswick, 506-643-7045; David Harrison, Nova Scotia Securities Commission, 902 424-8586; Steve Dowling, Government of Prince Edward Island, Superintendent of Securities, 902-368-6288; John O'Brien, Office of the Superintendent of Securities, Newfoundland and Labrador, 709 729-4909; Rhonda Horte, Office of the Yukon Superintendent of Securities, 867-667-5466; Jeff Mason, Nunavut Securities Office, 867-975-6591; Tom Hall, Office of the Superintendent of Securities, Northwest Territories, 867-767-9305; Shannon McMillan, Financial and Consumer Affairs, Authority of Saskatchewan, 306-798-4160
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