The complete set of information around the TRG meeting is now available:

• Audio recordings of the individual sessions
• Meeting summary
• Podcast (7 minutes)
• IFRS in Focus — Transition Resource group discusses implementation of IFRS 17 'Insurance Contracts'

Review the press release on the IASB's website.

SEC Chairman Jay Clayton stated: “I believe every ICO I have ever seen is a security. ICOs should be regulated like securities offerings. End of Story.”

Mr. Stark adds that in the coming year or two, the SEC, the U.S. Financial Crimes Enforcement Network (FinCEN), the U.S. Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC) and a slew of other federal and state agencies will initiate a continuing sweep of ICO-related enforcement actions, triggering a virtual earthquake in the ICO industry.

But an ICO bubble burst will inevitably ensure that whatever cryptocurrency marketplace survives will provide the same customer protections and capital safeguards often taken for granted in the context of the traditional trading of securities. This not only makes for good business, but for a more robust and resilient global financial marketplace as well.

Review the guest post on the D&O Diary's website.

Technology has had a profound impact on many fields, and forced industry leaders from publishing to retail to the automotive sector to rethink the way they go to market—and the value proposition they hold dear. It has also instilled a certain amount of fear about what the future might hold.

Grant Abrams would know. Abrams is a partner, Finance & Performance Management Services, at Deloitte in Ottawa, and works with CFOs to become strategic partners to their business, as well as helping them to become more efficient and effective organizational players. One of those ways is making sense of the increasing automation of finance.

Review the blog on CPA Canada's website.

Other regulatory authorities also have watchful eyes on ICOs. In this update, we look beyond securities regulators and securities regulations that might affect ICOs in Canada and discuss the potential for broader regulation.

Review the full article on Goodmans LLP's website.

The topics covered during the meeting included:

• Primary financial statements
• Disclosure initiative — Definition of material
• Disclosure initiative — Principles of disclosure
• Post-implementation Review of IFRS 13
• Wider Corporate Reporting
• Academic liaison
• Information deficiencies and consolidated financial statements
• Proposed improvements to IFRS 8
• Business Combinations Under Common Control
• Project updates and agenda planning

Review the press release and the summary of the meeting on the IASB's website.

The revised notice includes additional disclosure expectations that apply to all issuers with U.S. marijuana-related activities, including those with direct and indirect involvement in the cultivation and distribution of marijuana, as well as issuers that provide goods and services to third parties involved in the U.S. marijuana industry. Issuers are expected to provide these disclosures in prospectus filings and other required documents, such as their Annual Information Form and Management’s Discussion and Analysis.

The CSA will continue to monitor developments in the U.S. marijuana industry.

Review the press release on the CSA's website and the Staff Notice on the CSA members’ websites.

There is compelling evidence that innovation has been an important reason behind rising income inequality in advanced economies in recent decades.2 Research also finds that rising inequality can result in weaker and less-stable macroeconomic outcomes. This places us, as policy-makers, at a crossroads. Do we choose to stay on the same road and repeat the past? Or do we apply fresh thinking to policy and choose a new road where innovation delivers even stronger and more-inclusive growth?

This is the challenge that the G7 countries have set for themselves for 2018. Canada is proud to lead the G7’s work this year to better understand the issues so that we can set priorities for policy.

Review the remarks on the Bank of Canada's website.

In December 2017, the IASB concluded its discussions of the scope of the project and the webinar discussed the Board’s decisions and gives illustrative examples of transactions within the scope. The recording of the webinar lasts approximately 35 minutes.

Access the recording on the IASB's website.

The Department notes that a Mutual Evaluation report by the Financial Action Task Force ("FATF") found that Canada has strong anti-money laundering and anti-terrorist financing legislation and regulations, but noted there are several areas where action could be taken to ensure the framework meets technical standards and is even more effective.

Review the publication on the Department's website.

The supplemental draft Guidance is designed to help organizations worldwide respond to the increasing prevalence and severity of ESG-related risks, ranging from extreme weather events to product safety recalls.

COSO and WBCSD are seeking public comment on the draft Gu​idance and the previously released Executive Summary through June 30, 2018. Comment letters may be provided to risk@wbcsd.org​.

The guidance and executive summary are available on the COSO's website.

• Preliminary Draft Guidance
• Preliminary​ Draft Guidance (printable)
• Draft Executive Summary
• Draft Executive Summary (printable)​

Review the press release on the COSO's website.