The Securities Commission, along with the British Columbia Securities Commission, issued a revocation order for WPD Pharmaceuticals Inc., which had been under a failure-to-file cease trade order (FFCTO) since July 8, 2022. The company applied for the revocation under National Policy 11-207, which addresses cease trade orders and their revocations across multiple jurisdictions. The decision, primarily led by the British Columbia Securities Commission as the principal regulator, was also adopted by Ontario. The revocation was granted as it met the criteria set out in the relevant securities legislation, specifically under the Securities Act, R.S.O. 1990, c. S.5, as amended, section 144. The FFCTO was officially revoked on May 15, 2024.
