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Jae Gee

Jae is an Associate in the Transactional group at Baker McKenzie's Toronto office. Jae's practice focuses primarily on financial regulation and compliance involving fintechs, financial institutions, and market participants and their business in Canada. Prior to joining the Firm, Jae completed her Ontario Articles of Clerkship at the Toronto office of a large multinational law firm, where she returned as an associate. Jae completed her J.D. at the University of Ottawa, where she received both the William J. Miller Prize and the Annaline Lubbe Prize in competition law. Prior to law school, Jae completed her bachelor of commerce at Queen's University's Smith School of Business.

On 22 November 2023, the finalized regulations enacted under the Retail Payment Activities Act (RPAA) were published, with registration-related requirements expected to come into force beginning in November 2024 and the remainder in September 2025. The RPAA and Retail Payment Activities Regulations make up Canada’s new retail payment supervisory regime overseen by the Bank of Canada, Canada’s central bank.

On 5 October 2023, the Canadian Securities Administrators published guidance on dealing in Stablecoins, including by imposing updated terms and conditions for crypto asset trading platforms that offer Stablecoins, and requiring issuers of certain Stablecoins to provide undertakings in a form substantially acceptable to the regulators by 1 December 2023.