The Division is organized into five branches:
Policy
and Legislation Branch
- Develops new legislation and regulatory instruments.
Deals with:
- National Instruments
- Local Instruments
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- Legislation
- Administrative matters
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Registration Branch
The Securities Act, 1988 requires that anyone selling a security or exchange contract be registered as a dealer or a salesperson. Anyone giving advice about a security or exchange contract must also register as an adviser or as an employee of an
adviser.
The registration provisions of the Act and The Securities Regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities. Individuals must meet certain educational and experience standards to become
registered.
The legislation is also aimed at ensuring that dealers are financially stable and deal fairly with their clients. The Regulations contain detailed requirements for capital, bonding, insurance, and business records and practices that apply to dealers and
advisers.
The Registration Branch reviews and processes applications for registration as dealers and advisers. The dealer categories include investment dealers, mutual fund dealers and scholarship plan dealers. The adviser categories include investment
counsel, portfolio managers and securities advisers. Individuals can be registered as salespersons and trading officers. The branch also processes applications for unique Saskatchewan categories including mineral lease brokers, deposit agents
and securities issuers.
The branch deals with:
- Initial registration and termination of registration
- Bond requirements
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Corporate Finance Branch - Reviews documents by which companies sell their securities to ensure that basic merit standards are met and there is proper disclosure about investments being sold. Ensures that
public companies report to their shareholders and the Commission about their ongoing operations. Deals with:
- Prospectuses
- Annual financial statements
- Interim financial statements
- Annual information forms
- Certificates of non-default
- Reporting issuers listing
- Issuers in default of filing requirements
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- Material change reports
- Insider reports
- Press releases
- Notices of annual meeting
- SEDAR
- Community bonds
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Legal Branch - Reviews applications for exemption from the registration and prospectus requirements, and in appropriate circumstances recommends that the
Director grant exemptions. Processes statutory exemption
and take-over bid filings. Provides legal advice and services to other branches and represents
staff at hearings.
- Exemption applications
- Take-over bids and
issuer bids
- Early warning reports
- Offering memorandums
- Rights offerings
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- Private placements
- Community Ventures
- Stock options
- Employee stock purchase plans
- Forms 12, 12.1, 12.2,
18.2, 19, 20
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Enforcement Branch - Investigates complaints and apply legal sanctions to those who have violated The Securities Act, 1988, the regulations, or industry standards. Deals with:
- Complaints of misconduct
- Cease trade orders
- Revocation of cease trade orders
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- Hearings
- Tracking issuers and stock certificates
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