Securities Law & Instruments

Ontario Securities Commission Bulletin (OSCB)



(published weekly on behalf of the OSC by Carswell)


Volume 34, Issue 27
-- July 8, 2011 --


Table of Contents


Chapter 1 Notices / News Releases 7427
1.1 Notices 7427
1.1.1 Current Proceedings Before The Ontario Securities Commission 7427
1.1.2 CSA Staff Notice 31-325 – Marketing Practices of Portfolio Managers 7436
1.1.3 Notice of Ministerial Approval of Amendments to NI 31-103 Registration Requirements and Exemptions and Related Instruments 7447
1.1.4 Sunil Tulsiani et al. 7450
1.1.5 OSC Staff Notice 11-739 (Revised) – Policy Reformulation Table of Concordance and List of New Instruments 7451
1.2 Notices of Hearing 7454
1.2.1 Empire Consulting Inc. and Desmond Chambers – ss. 127, 127.1 7454
1.3 News Releases 7457
1.3.1 OSC Panel Issues Sanctions Against Sulja Bros. Building Supplies, Ltd., Petar Vucicevich, Kore International Management Inc., Andrew DeVries, Steven Sulja, Pranab Shah, Tracey Banumas and Sam Sulja for Breaches of the Securities Act 7457
1.3.2 Canadian Securities Administrators Publish Guidance on Marketing Practices of Portfolio Managers 7459
1.3.3 OSC Commences Emerging Market Issuers Regulatory Review 7461
1.3.4 OSC Panel Issues Sanctions Against IMAGIN Diagnostic Centres Inc. and Patrick J. Rooney for Breaches of the Securities Act 7462
1.4 Notices from the Office of the Secretary 7463
1.4.1 Empire Consulting Inc. and Desmond Chambers 7463
1.4.2 Sextant Capital Management Inc. et al. 7463
1.4.3 Sunil Tulsiani et al. 7464
1.4.4 HEIR Home Equity Investment Rewards Inc. et al. 7465
1.4.5 Citadel Income Fund and Energy Income Fund 7465
1.4.6 Empire Consulting Inc. and Desmond Chambers 7466
1.4.7 Sulja Bros. Building Supplies, Ltd. et al. 7466
1.4.8 Public Consultation on Proposed Transaction by TMX Group Inc. and London Stock Exchange Group 7466
1.4.9 Goldpoint Resources Corporation et al. 7467
1.4.10 IMAGIN Diagnostic Centres Inc. et al. 7467
Chapter 2 Decisions, Orders and Rulings 7469
2.1 Decisions 7469
2.1.1 Russell Investments Canada Limited 7469
2.1.2 I.G. Investment Management, Ltd. 7472
2.1.3 Canadian Apartment Properties Real Estate Investment Trust 7475
2.1.4 Xtract Energy PLC 7477
2.1.5 Continental Minerals Corporation 7480
2.1.6 Marathon Oil Corporation 7482
2.1.7 Aston Hill Asset Management Inc. and Aston Hill Capital Growth Fund 7486
2.1.8 AlphaPro Management Inc. and Horizons AlphaPro Managed S&P/TSX 60™ ETF 7491
2.1.9 Mantra Resources Limited 7494
2.1.10 Valeura Energy Inc. 7496
2.1.11 Eamonn Brian McConnell 7499
2.1.12 Procon Mining Holdings Ltd. 7501
2.1.13 Penn West Santiago Ltd. 7502
2.1.14 Medoro Resources (Yukon) Inc. – s. 1(10)(a)(ii) 7504
2.1.15 Fidelity Global Large Cap Fund et al. 7505
2.2 Orders 7506
2.2.1 RBC Global Asset Management Inc. and BlueBay Asset Management Ltd. – s. 80 of the CFA 7506
2.2.2 HEIR Home Equity Investment Rewards Inc. et al. – ss. 127(1), 127.1 7510
2.2.3 Empire Consulting Inc. and Desmond Chambers – s. 127 7511
2.2.4 Sulja Bros. Building Supplies, Ltd. et al. – ss. 127, 127.1 7512
2.2.5 IMAGIN Diagnostic Centres Inc. et al. – ss. 127, 127.1 7514
2.3 Rulings (nil)
Chapter 3 Reasons: Decisions, Orders and Rulings 7515
3.1 OSC Decisions, Orders and Rulings 7515
3.1.1 Sulja Bros. Building Supplies, Ltd. et al. – ss. 127, 127.1 7515
3.1.2 IMAGIN Diagnostic Centres Inc. et al. 7530
3.2 Court Decisions, Order and Rulings (nil)
Chapter 4 Cease Trading Orders 7545
4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders 7545
4.2.1 Temporary, Permanent & Rescinding Management Cease Trade Orders 7545
4.2.2 Outstanding Management & Insider Cease Trading Orders 7545
Chapter 5 Rules and Policies 7547
5.1.1 Amendments to NI 31-103 Registration Requirements and Exemptions 7547
5.1.2 Amendments to NI 33-109 Registration Information 7572
5.1.3 Amendments to OSC Rule 33-506 (Commodity Futures Act) Registration Information 7594
5.1.4 Companion Policy 33-506CP (Commodity Futures Act) Registration Information 7616
Chapter 6 Request for Comments (nil)
Chapter 7 Insider Reporting 7625
Chapter 8 Notice of Exempt Financings 7697
Reports of Trades Submitted on Forms 45-106F1 and 45-501F1 7697
Chapter 9 Legislation (nil)
Chapter 11 IPOs, New Issues and Secondary Financings 7699
Chapter 12 Registrations 7713
12.1.1 Registrants 7713
Chapter 13 SROs, Marketplaces, and Clearing Agencies 7715
13.1 SROs 7715
13.1.1 Notice of Rescission of Commission Approval – Amendments to MFDA Rule 1.2.1(d)(vii)(A) – Dual Occupations 7715
13.1.2 Proposed Amendments to MFDA Rule 2.2.1 (“Know-Your-Client”) and MFDA Policy No. 2 Minimum Standards For Account Supervision 7716
13.2 Marketplaces 7733
13.2.1 TSX Rules – Prioritization of Non-Displayed Orders (Dark Orders) That Have a Minimum Quantity Condition 7733
13.3 Clearing Agencies 7738
13.3.1 CDS – Notice and Request for Comment – Material Amendments to CDS Procedures – CDCC INTERFACE 7738
Chapter 25 Other Information 7743
25.1 Consents 7743
25.1.1 Newcastle Resources Ltd. – s. 4(b) of the Regulation 7743
25.1.2 Candax Energy Inc. – s. 4(b) of the Regulation 7744
25.2 Exemptions 7744
25.2.1 Front Street Global Opportunities Fund and Front Street Growth and Income Fund 7746
Index 7747