On December 3, 2020 the Canadian Securities Administrators (CSA) published a consultation paper ( Consultation Paper) is to facilitate discussion of concerns relating to activist short selling and its potential impact on Canadian capital markets. The Consultation Paper summarizes stakeholder concerns about activist short selling,…
BAX Securities Law is pleased to announce that Barbara Hendrickson, its founder and managing partner has been invited to join to the Women’s Law Association of Ontario’s Advisory Council. The Council is made up to past presidents, past board members and long serving members. The Women’s…
On 19 November 2020, the Minister of Environment and Climate Change (Minister) introduced Bill C-12 An Act respecting transparency and accountability in Canada’s efforts to achieve net-zero greenhouse gas emissions by the year 2050 (Canadian Net-Zero Emissions Accountability Act), in the House of Commons and…
On November 26, 2020, the Canadian Securities Administrators (CSA) published a staff notice on recent developments regarding interest rate benchmarks (Notice). According to the Notice, Refinitiv Benchmark Services (UK) Limited (RBSL), the administrator of Canadian Dollar Offered Rate (CDOR), announced on November 12, 2020 that…
The Ontario Securities Commission (OSC) announced on November 17, 2020 that it has awarded a total of CAD $585,000 to three whistleblowers, each of whom provided timely, specific and credible information that helped advance enforcement action resulting in monetary payments to the OSC. According to…
On November 20, 2020, of the Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) announced a proposed new prospectus exemption designed to provide greater access to capital for Alberta and Saskatchewan businesses and broaden investment opportunities for Alberta and…
On November 18, 2020 the Canadian Securities Administrators (CSA) published its biennial report (CSA Multilateral Staff Notice 51-361 Continuous Disclosure Review Program Activities for the fiscal years ended March 31, 2020 and March 31, 2019) on its continuous disclosure review program including guidance on reporting…
BAX Securities Law is pleased to announce that Barbara Hendrickson has been appointed to BCSC Fintech Advisory Forum for a two year term. The Forum is made up of financial technology (fintech) industry professionals and experts. The Forum advises BCSC staff on fintech trends and…
On October 29, 2020 the Ontario Securities Commission (OSC), Alberta Securities Commission (ASC) and Autorité des marchés financiers (AMF) announced that they are inviting businesses in their respective markets to apply to test innovative products, services and business models across international borders. The initiative allows eligible…
The Canadian Securities Administrators (CSA) on October 29, 2020 published its biennial report on its continuous disclosure review program (Report). The CSA’s continuous disclosure review program assesses the compliance of issuers’ continuous disclosure documents with securities law and aims to help improve the completeness, quality…