Canadian Securities Law

Beginning in the new year, public companies (including venture issuers) incorporated under the Canada Business Corporations Act (CBCA) will be required to include expanded diversity information about their boards and senior management teams in their annual... Read more

Moratorium on late fees will apply while the OSC considers streamlining disclosure regime for outside business activities The Ontario Securities Commission (OSC) has approved amendments to OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act)... Read more

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

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 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

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

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

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

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