The following updates are intended to give you a summary of recent developments in securities laws in Ontario and the rest of Canada. Please let us know if there are any topics of interest to you and we will do our best to make sure we discuss them in upcoming updates. We hope that you find the information provided useful and we look forward to helping your business grow.
Market Participants Take Note: Securities Regulators To Subject Special Transactions To Greater Scrutiny And On A Real-Time Basis
On July 27, 2017, the securities regulatory authorities of Ontario, Quebec, Alberta, Manitoba and New Brunswick (collectively, "Staff") published comments in a Notice (the "Notice") on Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), advising market participants of their collective intention to subject material conflict of interest transactions ("Special Transactions") to greater scrutiny by reviewing them in "real time."
Areas & Expertise:
Equity Crowdfunding In Canada: Final Rules Approved
Securities Bulletin - Equity Crowdfunding in Canada: An Update
Securities Bulletin - Amendments to Disclosure Rules for Venture Issuers
Areas & Expertise:
Phase 2: IIROC's Proposed Final Set of Reforms
CSA to Regulate Proxy Advisory Firms
OSC Proposes Gender Equality on Boards and in Senior Management Positions
BCSC Finds Canaco Resources Inc. Did Not Breach Securities Laws
Prospectus Rule To Undergo Significant Amendments
Canadian Securities Regulators Implement Disclosure Requirements For Investment Costs And Performance
Notice and Access Adopted in Canada
Commitment to Complete Bought Deal Tested in Court
Blair Bowen and Michael Kutner explain the Court's Decision in favour of Stetson Oil & Gas Ltd. in an action brought against Thomas Weisel Partners Canada Inc. for breach of a bought deal engagement letter.