Canadian securities regulators provide updated guidance on virtual shareholder meetings
The Canadian Securities Administrators (CSA) have provided reporting issuers with guidance on virtual shareholder meetings. Since the emergence of the COVID-19 pandemic, many reporting issuers have adopted a virtual format for their shareholder meetings. These meetings are typically conducted either entirely virtually, in place of…
Barbara Hendrickson Recognized As A Lexpert-Ranked Lawyer In The 2022 Canadian Legal Lexpert Directory
BAX Securities law is pleased to announce that its founder, Barbara Hendrickson, is recognized in the 2022 Canadian Legal Lexpert Directory as a leading lawyer in the area of Corporate Finance & Securities. Barbara Hendrickson was voted as one of the 2022 Leading Legal Practitioners across Canada based on an…
CSA Publishes Staff Notice 81-334, ESG-Related Investment Fund Disclosure
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….
CSA Warns Regarding Fraudulent Investment Solicitations Involving Crypto Assets
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…
CSA Seeks Comments on the Proposed Modernization of the Prospectus Filings Models for Investment Funds
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 –…
CSA Publishes Amendments to National Instrument 33-109 Registration Information, and National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations
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)…
CSA Publishes Amendments to National Instrument 52-108 Auditor Oversight and Changes to Companion Policy 52-108 Auditor Oversight
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…
BAX Included in Short List for Top Canadian Corporate Boutique Law Firm
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…
Canadian securities regulators introduce exemptions for qualified issuers from certain base shelf prospectus requirements
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…