What is the NSSC? – Investor Education

Submitted by nsscadmin on Wed, 08/03/2022 - 09:00

We’re entering the dog days of summer, so it’s likely best not to hit our readers with anything too heavy right now. So instead of delving into complicated investments, we’d like to reintroduce ourselves. You may know that the Nova Scotia Securities Commission regulates securities and derivatives in the province of Nova Scotia, but do you know how the Commission is structured and the functions of each branch? During the month of August, we’ll look at the branches of the Commission and what they do. Here’s a look at what’s to come:

August 3 – Investor Education

August 10 – Policy and Market Regulation

August 17 – Corporate Finance

August 24 – Enforcement

Today we’re starting out with investor education (IE). One of the Commission’s mandates is to provide investor education resources to Nova Scotians to help them make informed investment decisions. Our IE office developments and implements all investor education campaigns and content. This includes:

presentations to groups of all ages, delivered in-person and online
print content in the form of brochures, information sheets, blogs
infographics and images shared through the Commission website and social media channels
investor education videos
partnerships with financial literacy organizations

If you’re looking for investor education resources check out the Commission’s Investor Education Resources Page, Before You Invest Blog, YouTube Channel, and Twitter and Facebook feeds.

To inquire about a presentation from the IE office or other IE content or inquiries contact David Harrison, Manager of Investor Education – David.harrison@novascotia.ca

Failure to file annual financial statements.
Failure to file interim financial statements.
Failure to file an annual or interim management’s discussion and analysis (MD&A) or an annual or interim management report of fund performance (MRFP).
Failure to file an Annual Information Form (AIF).
Failure to file a certification of annual or interim filings required by Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (MI 52-109).
Failure to file required proxy materials or a required information circular.
Failure to file an issuer profile supplement on the System for Electronic Disclosure by Insiders (SEDI).
Failure to file a material change report.
Failure to provide a written update after filing a confidential report of a material change.
Failure to file a business acquisition report.
Failure to file annual oil and gas disclosure prescribed by National Instrument 51-101 Standards of Disclosure of Oil and Gas Activities (NI 51-101) or technical reports for a mineral project required under NI 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).
Failure to file a mandatory news release.
Failure to file corporate governance disclosure as required by national Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101).
Failure to file audit committee disclosure as required by Multilateral Instrument 52-110 Audit Committees (MI 52-110) or BC Instrument 52-509 Audit Committees.
Failure to include disclosure in an issuer’s MD&A relating to disclosure controls and procedures and their direct effectiveness that is referred to in a certificate filed under MI 52-109.
Financial statements of the reporting issuer, or the auditors’ report accompanying the financial statements, do not comply with the requirements of NI 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106) or National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency (NI 52-107).
The reporting issuer has acknowledged that its financial statements, or the auditors’ report accompanying the financial statements, may no longer be relied upon.
The reporting issuer’s AIF, MD&A, MRFP, information circular, or business acquisition reports do not contain information for each of the content items required by NI 51-102 or NI 81-106.
The reporting issuer’s technical disclosure or other reports do not comply with the disclosure requirements of NI 43-101 or 51-101.
Failure to pay a fee required by the Act or the regulations.
Failure to comply with any other requirement related to continuous disclosure.