Latest news with #ASC
CTV News
2 days ago
- Business
- CTV News
Sponsored: protect yourself from "finfluencers"
Edmonton Watch What are "finfluencers" and why is it so important to keep some risks in mind when listening to them? Hilary McMeekin from ASC explains.
Business Wire
5 days ago
- Business
- Business Wire
ConocoPhillips Makes Application to Cease to Be a Reporting Issuer in Canada
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has applied to the Alberta Securities Commission (ASC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer. If the Order Sought is granted by the ASC and the OSC, ConocoPhillips will cease to be a reporting issuer in any jurisdiction in Canada. Notwithstanding a decision that ConocoPhillips is not a reporting issuer in Canada, ConocoPhillips will continue to file all financial statements and other continuous disclosure materials required to be filed by it in accordance with the applicable securities laws of the United States and the rules of the New York Stock Exchange (NYSE). All such continuous disclosure documents of ConocoPhillips are publicly available to all security holders of ConocoPhillips under ConocoPhillips' profile at ConocoPhillips' security holders residing in Canada will continue to receive copies of the continuous disclosure documents that are required to be delivered to security holders in the United States, in the same manner and at the same time as is required under the applicable securities laws of the United States and the rules of the NYSE. --- # # # --- About ConocoPhillips As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at This release contains forward-looking information that involves risks and uncertainties. Actual future results, including whether the Order Sought will be granted, could vary from those expressed or implied by the forward-looking information in this release, and depend on regulatory developments, including actions taken by the ASC, the OSC and/or other regulatory bodies. This forward-looking information is made as of the date of this release and, other than as required by applicable securities laws, ConocoPhillips does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking information contained in this release is expressly qualified by this cautionary statement.
National Post
5 days ago
- Business
- National Post
ConocoPhillips Makes Application to Cease to Be a Reporting Issuer in Canada
Article content HOUSTON — ConocoPhillips (NYSE: COP) today announced that it has applied to the Alberta Securities Commission (ASC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer. If the Order Sought is granted by the ASC and the OSC, ConocoPhillips will cease to be a reporting issuer in any jurisdiction in Canada. Article content Notwithstanding a decision that ConocoPhillips is not a reporting issuer in Canada, ConocoPhillips will continue to file all financial statements and other continuous disclosure materials required to be filed by it in accordance with the applicable securities laws of the United States and the rules of the New York Stock Exchange (NYSE). All such continuous disclosure documents of ConocoPhillips are publicly available to all security holders of ConocoPhillips under ConocoPhillips' profile at ConocoPhillips' security holders residing in Canada will continue to receive copies of the continuous disclosure documents that are required to be delivered to security holders in the United States, in the same manner and at the same time as is required under the applicable securities laws of the United States and the rules of the NYSE. Article content — # # # — Article content As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at FORWARD-LOOKING STATEMENTS This release contains forward-looking information that involves risks and uncertainties. Actual future results, including whether the Order Sought will be granted, could vary from those expressed or implied by the forward-looking information in this release, and depend on regulatory developments, including actions taken by the ASC, the OSC and/or other regulatory bodies. This forward-looking information is made as of the date of this release and, other than as required by applicable securities laws, ConocoPhillips does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking information contained in this release is expressly qualified by this cautionary statement. Article content Article content Article content Contacts Article content
The Herald Scotland
6 days ago
- Business
- The Herald Scotland
Shares dive in Scotch whisky firm amid 'volatile' conditions
Artisanal said its performance had been 'resilient' against the backdrop of volatility in the first half of the year, posting an underlying loss of £1m that was 'broadly in line the prior year loss'. Revenue 'marginally decreased', with the fall largely attributed to a reduction of around £1m in rephased US shipments arising from the company's tariff mitigation plan. The US has slapped a baseline of tariff of 10% on most goods entering the country from the UK. Artisanal said it remained focused on achieving results for the full year in line with current market expectations that forecast revenue of £26m, up from £23.6m, and underlying profits of £1.5m (up from £1.1m). The company reported that membership retention of the Scotch Malt Whisky Society 'remains positive, at around 70%, although there was a marginal decline in overall membership versus December 2024' when it was stood at 42,700. I love Scotland but returning from holiday made my heart sink Scots legal giant cites 'resilience and ambition' as latest results revealed 'Confusion and uncertainty': Scotch whisky rocked by global upheaval Shares plunge in UK housebuilder after 'shocking update' It said in a statement to the stock market: 'During the period the US market was impacted by the recent tariff uncertainty. However, we have mitigated this in part through pre-emptive action to take greater control of our US operations from January 2025, ensuring we deploy the right long-term route to market. 'As a result, we have implemented a new approach to US shipments, effective from Q3-25, which should ensure that future planned shipments are completed via the optimal cost route thereby minimising any tariff impact. Whilst challenging trading conditions persist, we will navigate these through ongoing revenue diversification, realising the value of our asset base and continued focus on driving efficiencies within our cost base, remaining focussed on achieving EBITDA (earnings before interest, tax, depreciation, and amortisation) in line with expectations.' Artisanal noted that it was progressing plans to open a new franchise for the Scotch Malt Whisky Society in India as early as the second half of this year, following the recent opening of a branch in Vietnam. The Scotch whisky industry has great hopes of a major breakthrough in India, one of the world's biggest spirits markets, after the UK signed a free trade agreement with the South Asian country. Artisanal chief executive Andrew Dane said: 'The group has once again produced a respectable and resilient performance and we continue to make good progress, despite the persistence of volatile global trading conditions. ASC continues to benefit from an excellent and valuable asset base. 'The actions we have, and continue to take, to further diversify our revenue streams are proving effective as we navigate external macro factors - many of which are largely outside our control - to the best of our ability. 'The launch of Artisan Casks, our new luxury private cask programme, provides another incremental income stream for the group. 'We remain confident in the future opportunity for ASC and continue to build the business for the medium to longer term with entry into exciting new markets such as Vietnam, as well as progressing our plans for a future launch in India. This, together with a continued focus on rigorous cost efficiencies, stand us in good stead to deliver profitable growth in line with current market expectations.' Shares in the company closed down 8%, or 4p, at 45.5p.
Cision Canada
6 days ago
- Business
- Cision Canada
ASC alleges breach of Alberta securities laws by crypto asset trading platform CatalX CTS Ltd. and its CEO and CFO
CALGARY, AB, July 17, 2025 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing against CatalX CTS Ltd. (operating as Catalyx), Hyuek Jae Park (Park) and Jae Ho Lee (Lee). At the time of the alleged misconduct, Lee was chief financial officer and Park was chief executive officer of Catalyx. The Notice of Hearing alleges that Lee perpetrated a fraud on Catalyx clients and that Catalyx failed to comply with a written undertaking it had given the ASC to permit it to continue operating in Canada while its application for registration as an authorized crypto asset trading platform (CTP) was being reviewed by the Commission. At the time of the alleged misconduct, CTPs operating in Canada were required to sign a pre-registration undertaking in order to continue operations while their application for registration was under review. As part of the undertaking, CTPs were required to comply with terms and conditions to address investor protection concerns. More information about the regulation of CTPs is available on the Canadian Securities Administrators website. According to the Notice of Hearing: Beginning in February 2019, Lee improperly withdrew at least $14,030,000 CAD worth of clients' crypto assets from the Catalyx CTP, and transferred them to accounts he controlled at other CTPs. Lee subsequently returned some crypto assets to the Catalyx CTP, leaving it with a substantial shortfall. Lee also misappropriated clients' fiat currency deposits for unauthorized purposes. By November 24, 2023, Park was aware that Lee perpetrated a fraud on clients of Catalyx, but Catalyx failed to inform the ASC of this material breach of the written undertaking until December 21, 2023. In further breach of the written undertaking, Catalyx failed to establish, maintain and apply policies and procedures to manage and mitigate the risk of an employee misappropriating clients' fiat currency and crypto assets that were meant to be held in trust for clients. These are allegations and have not been proven in a hearing. An appearance to set a date for a hearing will be held on September 15, 2025 in the ASC Hearing Room, located on the 5th floor, 250 – 5 Street S.W., Calgary, Alberta. A copy of the Notice of Hearing can be found on the ASC website. The ASC gratefully acknowledges the assistance of the BC Securities Commission, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and the Financial Market Authority Liechtenstein. The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
