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…
On September 8th, 2022, the Toronto Stock Exchange (TSX) adopted certain housekeeping amendments (the Amendments) to TSX Company Reporting Form 2E — Change in Transfer Agent & Registrar (Reporting Form 2E) and Reporting Form 5 — Dividend/Distribution Declaration (Reporting Form 5) of the TSX Company…
On September 8, 2022, The Canadian Securities Administrators (CSA) announced that it was adopting the Listed Issuer Financing Exemption (the new prospectus exemption). Developed for smaller issuers listed on a Canadian stock exchange, it will provide a more efficient way to raise capital. The new…
The Ontario Securities Commission (the OSC) through its Innovation Office, will provide exemptive relief (the exemption) to Franctionvest Inc. (Franctionvest), an Ontario corporation from the requirement to register under Ontario securities legislation to conduct a short-term pilot of its business model. The exemption temporarily relieves…
On August 15, 2022, the Ontario Securities Commission (OSC) the published the first pre-registration undertakings filed by crypto currency trading platforms Coinsquare Capital Markets Ltd. and Crypto.com (the platforms). The undertakings provided by the platforms to the OSC are an important first step towards the…
The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) have amended the self-certified investor prospectus exemption in response to market feedback to provide greater flexibility to businesses and investors in Alberta and Saskatchewan (the amendments). The self-certified prospectus exemption…
Amid the continuing challenges posed by climate change, The Chartered Professional Accountants of Canada (CPA Canada) has published its guide for audit committees in their oversight of climate change, Climate Change – A Role for Audit Committees (the Guide). The Guide stresses the continuing importance of…
The Canadian Securities Administrators (CSA) have published 2022-2025 CSA Business Plan (The Business Plan). The Business Plan, approved on June 9, 2022, sets out the priorities that the CSA has committed to pursue collaboratively over the next three years. The priorities adapted by the CSA…
The Canadian Securities Administrators (CSA) have extended the consultation period for CSA Consultation Paper 43-401 Consultation on National Instrument 43-101 Standards of Disclosure for Mineral Projects (The Consultation Paper) a further 60 days, now ending on September 13, 2022. Stakeholders have indicated that it would…
The Canadian Securities Administrators (CSA) today released its fiscal year 2021-2022 Enforcement Report (the Enforcement Report), which outlines the specific actions that CSA members undertook in the past year to detect, disrupt and deter wrongdoing and hold securities law violators accountable. Highlights from the fiscal…