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…
Please join Barbara Hendrickson and Addison Cameron-Huff on November 9th at 12:00 PM EST for a webinar to discuss the evolving Canadian regulatory landscape for cryptocurrency and other digital assets. Speakers will address: Recent regulatory guidance from the Canadian Securities Administrators (August 15, 2022) – “Canadian securities…
In October 2021, the Canadian Securities Administrators (CSA) published the Proposed National Instrument NI 51-107 Disclosure of Climate-related Matters (the Proposed National Instrument) for comment. Before publishing the Proposed National Instrument, CSA staff noted a growing consensus towards climate-related disclosure, as well as widespread market…
The Canadian Securities Administrators (CSA) is developing a proposal for comment that contemplates providing the Ombudsman for Banking Services and Investments (OBSI) with the authority to make awards that are binding on firms. CSA members continue to develop the proposal and anticipate issuing it for…
TSX Venture Exchange (TSX-V) recently published an update for members on the Canadian Securities Administrators’ (CSA) Listed Issuer Financing Exemption (the Exemption) (discussed in-depth here). The Exemption is designed to streamline the capital raising process for smaller listed prospectus issuers by reducing the costs for…
The members of the Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC) have passed a special resolution approving the amalgamation of the two self-regulatory organizations (SROs) into a new single SRO, focused on fostering an innovative and…
The Canadian Securities Administrators (CSA) has proposed a series of amendments that would provide an alternative to delivering financial statements and management reports of fund performance for investment fund reporting issuers (the Proposed Amendments). The Proposed Amendments are published for a 90-day consultation period ending…
The Canadian Securities Administrators (CSA) is reviewing the practices of mutual funds that have principal distributor relationships with registrants to distribute their securities. The goal of the review is to gauge whether additional updates to the mutual fund sales practice rule are needed to improve…