In January 2022, the Canadian Securities Administrators published Staff Notice 81-334, ESG-Related Investment Fund Disclosure (the Staff Notice). The purpose of the Staff Notice is to provide guidance on the disclosure practices of investment funds as they relate to environmental, social and governance (ESG) considerations….
The Canadian Securities Administrators (CSA) is warning the public about investment schemes involving fraudulent websites that solicit investments in foreign exchange (“forex”), binary options and/or crypto assets. In particular, fraudsters continue to capitalize on market interest in crypto assets to lure investors into scams, using…
The Canadian Securities Administrators (CSA) has published for comment a two-staged proposal to modernize the prospectus filing model for investment funds. In keeping with current requirements, investor access to continuous disclosure documents as well as delivery of the Fund Facts and the ETF Facts –…
In late December 2021, the Canadian Securities Administrators (CSA) published the final amendments to National Instrument 33-109 Registration Information (NI-33-109), its related Companion Policy CP 33-109 (CP 33-109) and National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI-3103) and the related Companion Policy CP-103 (CP-103)…
In early January 2022, the Canadian Securities Administrators (CSA) published the Amendments to National Instrument 52-108 Auditor Oversight (Amendments) and Changes to Companion Policy 52-108 Auditor Oversight (CP Changes), (collectively, the Revisions). The Amendments require actions by reporting issuers and participating audit firms that will…
Dear Friends and Colleagues, BAX Securities Law, a firm that I founded in 2013, has been included by the Canadian Lawyer on a shortlist of top Canadian boutique law firms that practise in the corporate law area. I am honoured that BAX Securities Law received…
On December 6, 2021, the Canadian Securities Administrators (CSA) published a notice regarding temporary exemptions from certain base shelf prospectus requirements for qualifying well-known seasoned issuers (WKSI). The exemptions allow an issuer that meets WKSI qualifications and certain conditions, to file a final base shelf…
BAX Securities Law has been named as a Top 10 Corporate Boutiques in Canada. BAX and its founder, Barbara Hendrickson, were recently featured in a Canadian Lawyer magazine article. The article discusses the “cost-effective, business oriented service” of leading Canadian law firms such as BAX…
On November 24, 2021, the TSX Venture Exchange (the TSXV) announced changes to the TSXV’s Corporate Finance Manual regarding Security Based Compensation. The following amendments have been made: Policy 4.4 – Incentive Stock Options has been amended and renamed Policy 4.4 – Security Based Compensation…
In recent years the use of REITs and Limited Partnerships have expanded in the last few years and investments in real estate through these types of structure have become a common way for investors to participate in real estate projects. The attached presentation provide a…