On May 1st, 2020 the Canadian Securities Administrators (“CSA”) published an update to the CSA staff’s views on frequently asked questions (FAQs) about the exemptions from certain corporate finance requirements provided by the CSA that apply to reporting issuers and other issuers that are not investment funds that was first published on March 23, 2020.  The CSA published substantively harmonized temporary exemptions from certain regulatory filing requirements as a result of COVID-19.

The CSA has implemented the relief through local blanket orders that are substantively harmonized across the country.  In Ontario those exemptions are found in in Ontario “Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements.

For more details please see: https://www.bcsc.bc.ca/51-360_%5BCSA_Staff_Notice%5D_04162020/

For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403 – 4606.

This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.