On February 22, 20233, the Canadian Securities Administrators (CSA) published Staff Notice 21-332, Crypto Asset Trading Platforms: Pre-Registration Undertakings Changes to Enhance Canadian Investor Protection (Staff Notice 21-332). Staff Notice 21-332 follows the CSA’s December 12, 2022 update regarding crypto trading platforms. Staff Notice 21-332…

BAX Securities Law is pleased to announce that it has been listed on the Ontario Security Commission (OSC) Beta Innovation Office Directory. The Directory, developed by the OSC Innovation Office, connects experienced law firms with the start-up and innovation community.  BAX Securities Law is proud…

The Canadian Security Administrators (CSA) have published an Exemption for Reporting Issuers incorporated under the Canada Business Corporations Act (CBCA). The Exemption provides relief from the proxy requirement for the uncontested election of directors. The CSA has implemented the relief through local blanket orders that…

Over the last few years, so-called sustainable investing, especially those that follow environmental, social and governance (ESG) considerations has grown. Reacting to this development, the Canadian Securities Administrators (CSA) Published Staff Notice 81-334, ESG Related Funds Disclosure (the Staff Notice) on January 27, 2023. The…

The Canadian Securities Administrators (CSA) has announced it is amending (the Amendments) National Instrument 45-106 Prospectus Exemptions (NI 45-106). Provided all necessary ministerial approvals are obtained, the Amendments will come into force on March 8, 2023. The Amendments set out new disclosure requirements for issuers…

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have issued joint Staff Notice, 23-329, Short Selling in Canada (the Joint Staff Notice), to gather input from stakeholders regarding the regulatory framework surrounding short selling in Canada. The Joint Staff…

The Ontario Securities Commission (OSC) has published OSC Notice 11-797 – Statement of Priorities Request for Comments Regarding Statement of Priorities for Financial Year to End March 31, 2024 (The Draft Statement of Priorities) for comment from stakeholders for a 30-day period ending December 22,…

The Canadian Securities Administrators (CSA) recently published CSA Staff Notice 51-364 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2022 and March 31, 2021 (the Staff Notice, the Review), a biennial review of its continuous disclosure program. The Review assesses reporting…

Participating Canadian securities regulatory authorities recently published the results their eighth annual review of disclosures relating to women on boards and in executive officer positions. The findings summarize the corporate governance disclosures of 625 non-venture issuers and have been published by securities regulatory authorities in…

The Ontario Securities Commission (OSC) recently launched an 18-month pilot, providing a prospectus exemption (the prospectus exemption) to those Ontario investors with qualifying education or work experience access to increased investment opportunities. The exemption also has the added benefit of giving businesses headquartered in Ontario…