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…
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…