Canadian Securities Law

CSA Outline Priorities for 2019 - 2022

June 28, 2019
- Stikeman Elliott
CSA priorities over the next few years include investor protection, reducing risks to market integrity, and ensuring efficient functioning of markets On June 13, the CSA released their business plan for 2019-2022, outlining broad goals for the next three... Read more
OSC Encourages Pre-filing Reviews of Mining Disclosure

June 18, 2019
- Steven D. Bennett
On June 6, 2019, the Ontario Securities Commission (OSC) published a staff notice encouraging mining issuers to request reviews of their technical disclosure prior to filing a preliminary short form prospectus. According to the OSC, such a pre-filing... Read more
The Rise of the ATM – Public Equity Financing in a Capital Constrained World

June 11, 2019
- Keith R. Chatwin
The Canadian Securities Administrators (CSA) have proposed amendments to National Instrument 44-102 – Shelf Distributions (NI 44-102) that would facilitate capital raising by public companies by easing regulation of “at-the-market” offerings... Read more
Securities Litigation in Canada: A Practical Guide to the Core Issues

June 7, 2019
- Alexander D. Rose
- Sinziana R. Hennig
Members of our Securities Litigation team recently authored the Canadian chapter of Getting the Deal Through – Securities Litigation 2019, published by Law Business Research Ltd. This publication provides an excellent overview of this important area... Read more
OSC Enters Into Arrangement to Share Personal Data With European Authorities

May 23, 2019
- Stikeman Elliott
The Ontario Securities Commission (OSC) recently entered into an Administrative Arrangement to allow it to continue to receive personal data from European regulatory authorities for supervisory and enforcement purposes. Under European Union (EU) regulations,... Read more
IIROC Proposes Minor Contravention Program and Early Resolution Offers

May 22, 2019
- Stikeman Elliott
New disciplinary programs would seek to resolve cases efficiently without more formal disciplinary proceedings On April 25, 2019, the Investment Industry Regulatory Organization of Canada (IIROC) proposed the adoption of a Minor Contravention Program (MCP)... Read more
CSA Planning National Instrument to Replace Local Crowdfunding Exemption Orders

May 21, 2019
- Stikeman Elliott
The Canadian Securities Administrators recently announced that they are developing a national instrument intended to replace the existing local orders in various provinces that currently provide registration and prospectus exemption related to start-up... Read more
OSC Highlights Reduction of Regulatory Burden, Innovation, in Statement of Priorities for FY2019-2020

May 13, 2019
- Stikeman Elliott
Statement of Priorities for FY2019-2020 renews focus on reducing regulatory burden for issuers to ensure Ontario is “open for business” The Ontario Securities Commission (OSC) recently released a draft Statement of Priorities for its upcoming... Read more
A New Route to Listing on the TSX: Sandbox Initiative Paves a Formalized Route for Staff Discretion to Relax Certain Requirements

May 7, 2019
- Julia Dmitrijeva
- Joel E. Binder
Canada’s principal stock exchange, the TSX, recently unveiled the “TSX Sandbox”, an initiative that will provide an alternative path to a stock exchange listing or listing of other securities by existing listed issuers for certain qualifying... Read more
Fair Value as Windfall: A Tale of Dissent

April 8, 2019
- Keith R. Chatwin
- Gordon Masson
As intrepid readers of our blogs will recall, we previously discussed the tale of ExxonMobil Canada’s (“ExxonMobil”) acquisition of InterOil Corporation here and here. To refresh: ExxonMobil had sought to acquire by plan of arrangement... Read more

See more See all posts