Canadian Securities Law

The Canadian Securities Administrators (CSA) recently published guidance for registered firms as to when they are required to engage a compliance consultant (Consultant) to assist them in addressing compliance deficiencies and improve their compliance... Read more

Proposed amendments to the business acquisition report (BAR) requirements would implement a two-trigger test with an increased significance threshold of 30% for non-venture reporting issuers. The proposed amendments were published by the Canadian Securities... Read more

On August 8, the Ontario Securities Commission (OSC) Compliance and Registrant Regulation Branch (CRR) published a Summary Report for Dealers, Advisers and Investment Fund Managers (the Report). The Report provides an overview of the CRR’s work... Read more

Much-awaited amendments to Canadian federal anti-money laundering legislation will now specifically capture non-Canadian money service businesses (MSBs), including those dealing in virtual currencies. Scheduled to come into force on June 1, 2020 (with... Read more

On August 19, 2019, the Ontario Securities Commission (OSC) released a report (the 2019 Report) identifying various practical ways that behavioural insights could be used to improve registrants’ annual fee disclosure. The report is a result of a... Read more

New CSA guidance highlights the importance of climate change-related disclosure to securities regulators and investors and aims to assist issuers in identifying, and improving disclosure of, material risks posed by climate change. The Canadian Securities... Read more

When it comes to cyberattacks, even the mighty fall. From rogue employees to inadvertent leaks, the number of breaches in Canada continues to climb. Cyber-risk management has become omnipresent for boards of directors (boards) across Canada. John MacKay,... Read more

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