Here is a reminder we just received from Corporations Canada relating to AGMs in 2021 for CNCA corporations and that they can be done virtually, partially virtually or by unanimous resolution in many cases.
Corporations Canada has made it easier for Alberta non-profit corporations under the Societies Act (Alberta) and New Brunswick non-profits under the Companies Act that wish to move to the Federal Canada Not-for-profit Corporations Act (“CNCA”). They have also made it easier for CNCA corporations to move to the BC Societies Act and the New Brunswick Companies, although this will probably not affect many groups.
In early July 2021, the BIS issued a paper on the regulatory requirements for digital payment and e-money services offered by non-bank service providers (“non-banks”). The paper addresses the proliferation of non-banks in retail payments and the questions that are related to their regulation.