Canadian Securities Law

Relief permitting issuers to list shares on the TSX Venture Exchange (TSXV) at a minimum of $0.01 has been extended to December 31, 2020. In a bulletin published on September 16, 2020, the TSXV has extended previously issued temporary relief to apply to... Read more

On August 27, 2020, the Canadian Securities Administrators, IIROC and the MFDA released a report highlighting the major activities conducted by the Joint Regulators Committee (JRC) of the Ombudsman for Banking Services and Investments (OBSI) for 2019.... Read more

The Canadian Securities Administrators (CSA) has granted exemptive relief to Wealthsimple making it Canada’s first crypto asset platform authorized through the CSA Regulatory Sandbox initiative. The CSA granted Wealthsimple Digital Assets Inc. time-limited... Read more

Amendments to the “at-the-market” distribution (ATM) regime come into force on August 31, 2020 and will ease the ATM offering process for reporting issuers in Canada. As previously discussed, a significant liberalization of the ATM regime was... Read more

Under changes to the Dealer Member Rules, the beneficial ownership threshold at which client identification and verification rules are triggered would be increased from 10% to 25%. IIROC proposals would increase the beneficial ownership threshold in the... Read more

Amendments to significant acquisition rules in National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) should result in fewer “significant acquisitions” and ultimately a reduction in business acquisition reports and other disclosure... Read more

The Canadian Securities Administrators (CSA) released its Oversight Review Report (Review) of the Investment Industry Regulatory Organization of Canada (IIROC) on August 5, 2020. The objective of the annual risk-based oversight review is to evaluate whether... Read more

Corporations incorporated under the Canada Business Corporations Act (CBCA) may now take advantage of extended deadlines for their annual general meetings of shareholders in 2020. The Minister of Innovation, Science and Industry has issued an order (the... Read more

Corporations incorporated under the Business Corporations Act (Ontario) (OBCA) that delayed their annual meetings due to the COVID-19 pandemic are reminded of the relevant extended meeting deadlines as the provincial declaration of emergency has come to... Read more