The latest corporate securities law news, insights and activity. BAX Securities Law® has been repeatedly recognized as one of Canada’s top corporate law boutiques by Canadian Lawyer Magazine. The recognition acknowledges BAX Securitie’s nationwide legal expertise, deep industry knowledge, quality legal services, and willingness to go above and beyond to help their clients achieve their goals.
The Canadian Securities Administrators (CSA) have issued CSA Staff Notice 43-310 Confidential Pre-File Review of Prospectuses (for non-investment fund issuers) (the Staff Notice). The Staff Notice expands the availability of confidential pre-file reviews that some…
The Canadian Securities Administrators (CSA) have published CSA Staff Notice 21-328 Regulatory Approach to Foreign Marketplaces Trading Fixed Income Securities(the Staff Notice). The Staff Notice discusses the framework developed by the CSA that will grant…
The Ontario Securities Commission (OSC) has published for comment Proposed Ontario Securities Rule 81-502, Restrictions on the use of the Deferred Sales Charge Option for Mutual Funds (The Proposed Rule) restricting the use of deferred…
As the COVID-19 coronavirus spreads across the globe, investor uncertainty over the economic impact of the coronavirus is increasingly reflected in the markets. Financial regulators have begun to take note and react. Early in March,…
The Canadian Securities Administrators (CSA) have published Proposed National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions (the Proposed National Instrument), for a 90-day comment period ending May 27, 2020. The Proposed National Instrument would replace…
The Canadian Securities Administrators (CSA) have adopted a ban on deferred sales charges (the DSC Option) on mutual funds. Specifically, the ban will prohibit the payment by fund organizations of upfront sales commissions to dealers,…
In its recent MFDA Special Report on Securities Industry Self-Regulation (the Report), The Mutual Fund Dealers Association (MFDA) has proposed the creation of a new securities regulator that if adopted, would replace MFDA. The Report,…
The Canadian Securities Administrators (CSA) have published CSA Staff Notice 23-326, Order Protection Rule: Market Share Threshold for the period April 1, 2020 to March 31, 2021 (the Staff Notice and Proposed Rule), for a…
Two recent announcements, one in the United States, and the other in the European Union, provide further evidence that securities regulators are paying closer to attention to climate change disclosure by market participants. A recent…
The securities regulators of Alberta, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, and Saskatchewan (the participating jurisdictions) have jointly published CSA Multilateral Staff Notice 58-311 Report on Fifth Staff Review of Disclosure regarding Women on…