Order: In the Matter of Cormark Securities Inc. et al.

IN THE MATTER OF
CORMARK SECURITIES INC., WILLIAM JEFFREY KENNEDY,
MARC JUDAH BISTRICER, and SALINE INVESTMENTS LTD.

File No. 2022-24

December 21, 2023

ORDER

WHEREAS, on December 19, 2023, the Capital Markets Tribunal held a hearing by videoconference to determine the timing for hearing Staff of the Ontario Securities Commission’s motion regarding the admissibility of the respondents’ expert opinion (Mackasey Opinion) and whether to vary certain timelines relating to responding expert reports;

ON READING the motion materials filed by Staff and the respondents, and on hearing the submissions of the representatives for each of Staff and the respondents;

IT IS ORDERED, for reasons to follow, that:

1. the admissibility of the Mackasey Opinion, as raised in Staff’s Notice of Motion, dated November 1, 2023, shall be decided at the merits hearing;
2. the timelines set out in Paragraphs 2. b. and 2. c. of the Tribunal’s order dated June 28, 2023, are varied as follows:
   1. Staff shall serve the respondents with any expert response report(s) by no later than 4:30 p.m. on January 15, 2024; and
   2. the respondents shall serve all parties with any expert reply report(s) by no later than 4:30 p.m. on February 15, 2024.