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Inside Internal Controls

News and discussion on implementing risk management

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Consumer directed finance: Open banking in Canada

On January 31, 2020, Canada’s Advisory Committee on Open Banking (the Committee) released its report, “Consumer-directed finance: the future of financial services” (the Report), moving Canada towards the next phase in its process of implementing open banking legislation.

 

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When it rains, it pours – Supreme Court of Canada allows umbrella purchaser claims

Umbrella purchasers are persons who purchased a product that was neither manufactured nor supplied by the cartel members.

 

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Commissioner of Competition makes his mark: Rare merger challenges

A recent notice of application filed with the Canadian Competition Tribunal is the first contested merger challenge since the Staples / Office Depot transaction in 2015 and the first by the current Commissioner who himself received a permanent appointment as Commissioner only in March 2019.

 

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Investment Canada Act pre-merger review threshold increases to $ 1 billion

Canada’s planned increase to the generally applicable threshold for “net benefit” reviews under the Investment Canada Act (ICA) from $800 million to $1 billion became effective June 22, 2017. The new threshold, should have the effect of exempting most investments or dispositions by WTO investors from the “net benefit to Canada” review process under the ICA.

 

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