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CSA Notice of Amendments to National Instrument 51-102 Continuous Disclosure Obligations and Changes to Certain Policies Related to the Business Acquisition Report Requirements

The Canadian Securities Administrators (CSA) on August 20, 2020 announced amendments and changes to National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) (Amendments).  The Amendments which are expect to be effective on November 18, 2020 are being made to the business acquisition report requirements.  A…

Barbara Hendrickson to serve on OBA Council for 2020-2021 term

BAX Securities Law is pleased to announce that Barbara Hendrickson has been appointed to serve on the Ontario Bar Association’s Council for the 2020-2021 year. The role of Council is to communicate with their constituents and share information about the OBA’s activities and initiatives. Throughout their…

Notice of General Order – Ontario Instrument 45-505 Relief in respect of the Distribution of Securities through a Funding Portal Operated by Silver Maple Ventures Inc.

The Ontario Securities Commission (OSC) recently published Ontario Instrument 45-505 Relief in respect of the Distribution of Securities through a Funding Portal Operated by Silver Maple Ventures Inc. The OSC is providing issuers with relief from the requirement to file a prospectus in respect of…

BAX Securities Law’s Barbara Hendrickson Quoted in the CBA National Magazine on the Ontario Capital Markets Modernization Taskforce

Barbara Hendrickson, of BAX Securities Law, was prominently quoted in a recent article in the Canadian Bar Association National Magazine. The article, “Going it Alone” by staff writer Doug Beazley, discusses the recent consultation report of the Ontario Capital Markets Modernization Taskforce published in July…

Canadian Securities Administrators Publish Final Amendments to Syndicated Mortgage Regime

The Canadian Securities Administrators (CSA) recently published final amendments that substantially harmonize the regulatory framework for syndicated mortgages in Canada. These final amendments will: remove the prospectus and registration exemptions that currently apply to syndicated mortgages in certain jurisdictions to substantially harmonize the regulatory framework…

Canadian Securities Administrators Publish IIROC Oversight Report

The Canadian Securities Administrators (CSA) recently published their Oversight Report (the Report)  regarding the Investment Industry Regulatory Organization of Canada (IIROC). The report, written by CSA staff, looks at whether IIROC has complied with the terms and conditions of its Recognition Orders, and whether specific…

Canadian securities regulators introduce guidance for flexible chief compliance officer arrangements for businesses

July 2, 2020 staff of the Canadian Securities Administrators (CSA) issued a notice (Notice) setting out guidance regarding the registration requirements for chief compliance officers (CCOs) under National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) for certain Chief Compliance Officer models….