On May 20, 2021, the Canadian Securities Administrators (CSA) published changes to the continuous disclosure requirements for non-investment fund reporting issuers. The proposed amendments: Streamline and clarify certain disclosure requirements in the management’s discussion and analysis (MD&A) and the annual information form (AIF) for non-investment…
On June 23, 2021, certain members of the Canadian Securities Administrators (CSA) signed a fintech co-operation agreement with the Financial Services Commission, Mauritius (FSC Mauritius). The members are the securities regulatory authorities in British Columbia, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, and Nova Scotia. Notably…
On May 26, 2021, the British Columbia Securities Commission (BCSC) published for comment a new rule that is designed to make promotions of companies with a connection to British Columbia to become more transparent. According to the BCSC, the new rules are designed to enable…
On June 23, 2021, the Canadian Securities Administrators (CSA) harmonized rules for securities crowdfunding. National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions (Start-up Crowdfunding Rule) introduces a single, uniform set of rules that replaces and enhances the requirements currently in effect in, British Columbia, Alberta, Saskatchewan, Manitoba,…
On April 21, 2021, Barbara Hendrickson spoke at a virtual conference sponsored by the Law Society of Ontario on “The COVID Pandemic: Implications for Directors and Officers”. To view the PowerPoint presentation: The COVID Pandemic: Implications for Directors and OfficersDownload For more information, please call…
On March 31, 2021, the Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) adopted a new prospectus exemption CSA Multilateral Notice of Implementation 45-538 Self-Certified Investor Prospectus Under the new prospectus, exemption investors who certify to having certain financial and…
On March 25, 2021, the Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) published Multilateral Notice and Request for Comment 45-539 Proposed Prospectus Exemption for Small Business Financing. The proposed new small business financing prospectus exemption would allow Alberta and Saskatchewan…
On April 7, 2021, the British Columbia Securities Commission (BCSC) published BC Notice 2021/02 Clarification of Requirements for Crypto Asset Trading Platforms Vancouver – to clarify expectations for crypto asset trading platforms (platforms) (Notice) operating in British Columbia in light of Joint Staff Notice 21-329,…
On March 29, 2021, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) published a Notice to provide guidance on how securities legislation applies to platforms (Crypto Asset Trading Platforms) that facilitate or propose to facilitate the trading of: crypto…
On March 25, 2021, the Canadian Securities Administrators (CSA) published Staff Notice 41-307 (Revised) Concerns regarding an issuer’s financial condition and the sufficiency of proceeds from a prospectus offering (Notice). The Notice alerts alert issuers (other than investment fund issuers) and their advisors about the…