Securities regulators in Ontario, Alberta, British Columbia, Québec, New Brunswick, Nova Scotia and Saskatchewan (the Participating Jurisdictions), have published a CSA Multilateral Staff Notice 31-367 Notice and Consultation Regarding CSA Coordinated Blanket Order 31-930 Exemption… Canadian Securities Regulators Publish CSA Multilateral Staff Notice 31-367 for Review and Comment
Canadian companies increasingly look south of the border for growth capital, drawn by deeper U.S. markets and sophisticated investor bases. However, navigating U.S. securities laws requires careful attention to both registration exemptions and broker-dealer requirements.… Structuring a Cross-Border Securities Offering: Common U.S. Exemptions for Private Placements
The Canadian Securities Administrators (CSA) has published CSA Notice and Request for Comment – Proposed Amendments to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the Proposed Amendments) for a comment period ending February… CSA Publishes Notice and Request for Comment – Proposed Amendments to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure
Budget 2025 which was recently passed in the Canadian House of Commons, announced the government’s intention to introduce legislation to regulate the issuance of fiat-backed stablecoins in Canada. This legislation will require issuers to maintain… Budget 2025 Introduces a Regulated Space for Stablecoins
The Canadian Securities Administrators (CSA) recently published Notice and Request for Comment – Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers, a proposed multi-year pilot to allow eligible venture issuers… CSA Proposes Semi-Annual Reporting Pilot
The Canadian Securities Administrators (CSA) has updated requirements for delivering proxy-related materials for shareholder meetings, advising that the relief is no longer required under Coordinated Blanket Order 51-932 Temporary Exemption from requirements in National Instrument… CSA Updates Requirements For Delivering Proxy-Related Materials During Canada Post Labour Dispute
The securities regulators of Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, and Yukon (the Participating Jurisdictions) have published Proposed Multilateral Instrument 45-111 Self-Certified Investor Prospectus… Canadian Securities Regulators Launch Consultation On Proposed Harmonized Multilateral Self-Certified Investor Prospectus Exemption
Barbara Hendrickson will be a speaker at the Ontario Bar Association’s Twenty Third Annual OSC, TMX, and CIRO Update on September 30, 2025. In her presentation, entitled The Applicability of Canadian securities laws to AI,… BAX Securities Law’s Barbara Hendrickson to speak at the Ontario Bar Association: Twenty Third Annual OSC, TMX, and CIRO Update
With recent amendments to the Canadian Payments Act and the introduction of the Retail Payments Activities Act, Payment Service Providers (PSPs) are eligible for Payments Canada membership and access to the Real-Time Rail (RTR) system.… FINTECH Update: Payment Service Providers eligible for Payments Canada Membership and RTR Payments System
The Canadian Securities Administrators (CSA) recently published Amendments to National Instrument 44-102 – Shelf Distributions (the Amendments), adopting an expedited shelf prospectus regime for well-known seasoned issuers (WKSIs) in Canada, further enhancing the competitiveness of… CSA Adopts Expedited Shelf Prospectus Regime For Well-Known Seasoned Issuers