Proposed Multilateral Instrument 45-107 Listing Representation and Statutory Rights of Action Disclosure Exemptions (“Proposed MI 45-107”)On November 28, 2013 all of the members of the Canadian Securities Administrators (“CSA”), other than the securities commissions in Ontario and British Columbia (“participating jurisdictions”), published proposed Multilateral Instrument 45-107 Listing…
MI 45-312 Prospectus Exemption for Distributions to Existing Security Holders (“Proposed MI 45-312”)The securities commissions in all of the Canadian provinces except Ontario and Newfoundland published Proposed MI 45-312 for comment on November 21, 2013 which would, subject to certain conditions, allow issuers listed on the…
On September 19, 2013, the Ministers of Finance of British Columbia, Ontario and Canada agreed to establish a cooperative capital markets regulatory system and invite all provinces and territories to participate in the proposed system.The cooperative securities regulator will feature a single regulator administering a…
October 24, 2013 12:00 EST OnlineThe Canadian Bar Association, Business Law Section webinar will focus on the role of equity participation in the IBA process and, generally, in enterprises involving Aboriginal Lands and First Nations participants. There will also be a focus on options for…
On August 29, 2013 the Ontario Securities Commission (“OSC”) published a notice which indicated that they are considering the following new or expanded exemptions from the prospectus requirements:1. Crowdfunding exemptionCrowdfunding is a term used to describe a method of raising small amounts of money from…
On August 15, 2013 the CSA published a Consultation Paper focused on issues that are directly related to the accuracy, transparency and integrity of the proxy voting infrastructure for a 90-day comment period. The Paper outlines and seeks feedback on a proposed approach to address…
Private Placements – Lapsing of Temporary ReliefOn August 17, 2012, the TSX V implemented, on a temporary basis, relief from certain existing pricing requirements related to Private Placement financings. The three temporary measures (“Relief Measures”) are as follows:Allowing a share/unit offering with an offering price…
The Ontario Securities Commission (OSC) recently announced a request for comments on OSC Staff Consultation Paper 58-401 Disclosure Requirements Regarding Women on Boards and in Senior Managementon a new proposal which would require TSX-listed companies to provide disclosure regarding women on boards and in senior management in…
On July 30, 2013 the Ontario Securities Commission (“OSC”)published a Staff Consultation Paper 58-401 Disclosure Requirements regarding Women on Boards and in Senior Management(“Paper”) which discussed low levels of representation of women on the boards of Canadian public companies. The Paper arises out of a…
On March 14, 2013, the Canadian Securities Administrators (CSA) published for comment proposed National Instrument 62-105 Security Holder Rights Plans (Proposed Rule) and proposed Companion Policy 62-105CP Security Holder Rights Plans (Proposed Policy).The Proposed Rule and Policy establish a regulatory framework for Rights Plans or…