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…
On March 11, 2021, the Canadian Securities Administrators (CSA) published a staff notice regarding continuous disclosure and other public filings for reporting issuers with crypto and digital assets including cryptocurrencies, tokens, stablecoins, and other digital assets relying on blockchain technology who engage materially with crypto…
On February 25, 2021, the Canadian Securities Administrators (CSA) published key findings of recently completed reviews of issuers’ COVID-19 disclosure to explain the impact of COVID-19 on their industry, operations, customers and suppliers (notice). CSA staff identified some areas where disclosure could be improved, including…
On February 25, 2021, the Canadian Securities Administrators (CSA), referring to amendments to certain securities rules affecting the prospectus and registration exemptions for syndicated mortgages that were published on August 6, 2020 (Syndicated Mortgage Amendments), reported in a notice that the Syndicated Mortgage Amendments would…