Canadian Securities Law

CSA find general industry support for continuing with the current approach to director and audit committee independence, in place since 2004. The Canadian Securities Administrators (CSA) recently published an update to the consultation process undertaken... Read more

Building on existing bilateral “financial innovation sandbox” arrangements, 12 international regulators, including Canada’s AMF and OSC, are proposing to create a single Global Financial Innovation Network (GFIN). The Ontario Securities... Read more

The Ontario Securities Commission (OSC) Investor Office released a report on June 28, 2018 discussing the results of a survey of over 2,600 Ontario residents’ knowledge of (and experiences with) cryptocurrencies. Entitled Taking Caution: Financial... Read more

On June 14, 2018, the Toronto Stock Exchange (TSX) proposed allowing issuers to issue additional shares beyond the amount for which they have already obtained shareholder approval to use as compensation for the acquisition of a public company. Where shareholder... Read more

The U.S. Supreme Court has declined to hear an appeal from the U.S. Court of Appeals’ ruling in the Crawford case, in which the constitutionality of FATCA was unsuccessfully argued. While the Republican Party has previously shown some sympathy for... Read more

Directors and officers in Canada, like those in the U.S. and elsewhere, face a growing range of potential legal liabilities. To assist them, Stikeman Elliott has just published Directors & Officers in Canada, a printable online guide to the liability... Read more

On May 1, 2018, Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act, received Royal Assent – although, as noted below, not all of the provisions... Read more

The long awaited draft derivatives registration rule, proposed National Instrument 93-102 Derivatives: Registration, released for comment April 19, will impose new regulatory requirements on the Canadian OTC derivatives market which currently operates... Read more

The Canadian Securities Administrators’ proposed National Instrument 93-102 Derivatives: Registration, prescribing the derivatives dealer and advisor registration regime, proposes relatively light regulation of foreign firms that restrict their... Read more