Canadian Securities Law

The British Columbia Securities Commission (the BCSC) has published proposed amendments to Form 45-106F1 Report of Exempt Distribution (the Report). Announced on October 4, 2017, the B.C. amendments are identical to those proposed by the Canadian Securities... Read more

The Alberta Securities Commission (ASC) is proposing to repeal and replace existing ASC Rule 71-801 Implementing the Multijurisdictional Disclosure System in an effort to update outdated references and better align the requirements of Alberta securities... Read more

The Internal Revenue Service recently reminded foreign financial institutions (FFIs) that they have until October 24, 2017 to renew their FFI agreement, if required. Those who are required to renew their FFI agreement and do not do so by October 24th (i)... Read more

Amendments to British Columbia’s crowdfunding rules intended to provide B.C.-based issuers with greater access to capital via crowdfunding campaigns came into force July 13, 2017 as announced by the British Columbia Securities Commission on September... Read more

The Canadian Securities Exchange (CSE) issued Notice 2017-016 Amendments to Trading System Functionality and Features – Request for Comment on September 21, 2017. The Notice sets out proposed enhancements to the functionality and features of the... Read more

The Investment Industry Regulatory Organization of Canada (IIROC) released its 2016-17 Annual Report on August 28, 2017. As 2016-17 represented the first full year of IIROC’s Strategic Plan (previously discussed here), IIROC’s priorities for... Read more

The Alberta Securities Commission recently released two major reports: its own Annual Report for 2017 and a report on the current state of the province’s capital markets. Collectively, the two publications provide significant market insight from... Read more

On September 15, 2017, certain members of the Canadian Securities Administrators released their oversight review report of the Mutual Fund Dealers Association (MFDA) for the period August 1, 2015 to January 31, 2017 (the 2017 Report). The 2017 Report followed... Read more

On August 3, 2017, the CSA published Staff Notice 24-316-Feedback on CSA Consultation Paper 24-402 Policy Considerations for Enhancing Settlement Discipline in a T+2 Settlement Cycle Environment, indicating that no additional measures are currently proposed... Read more