NSSC Blog: Before You Invest

Nova Scotia Securities Commission educating the community

The Nova Scotia Securities Commission has several investor education presentations coming up this summer and into the fall.

Our partnership with the Halifax Central Library continues this summer with one presentation a month at the library until November when there will be two presentations during Financial Literacy Month.

Here is a look at the presentations scheduled at the library over the next five months:

Protecting investors with Temporary Holds

Earlier this month we published a blog post about trusted contact persons (TCPs). The same amendments to securities laws that allow advisers to ask for and collect TCP information also allow advisers to place a temporary hold on a transaction under certain circumstances. This was another enhancement made to better protect older and vulnerable investors.

An adviser can place a temporary hold if:

SEDAR+ is launching soon

On July 25, 2023, SEDAR+ will replace the existing SEDAR and CSA cease trade order and disciplined persons platforms. SEDAR+ is an upgraded platform that allows Canadian public companies to file their disclosure documents with regulators. It will also integrate with the cease trade orders database.

What is a Trusted Contact Person?

Has your investment adviser asked you to appoint a trusted contact person (TCP) on your account? Canadian securities regulators added the TCP as an enhancement to protect older and vulnerable investors. Adding a TCP is available to all investors no matter their age. Advisers are required to ask their clients to name a TCP, but it is up to the client if they wish to provide one or not.

June is Seniors Month

Tomorrow is the start of seniors month. Throughout June the Nova Scotia Securities Commission will be sharing investor education content relevant to seniors and delivering presentations to seniors groups. Here is a look at some of the content, and presentation we have scheduled: