by Barbara Hendrickson | Feb 18, 2020
The Canadian Securities Administrators (CSA) have published CSA Staff Notice 23-326, Order Protection Rule: Market Share Threshold for the period April 1, 2020 to March 31, 2021 (the Staff Notice and Proposed Rule), for a second notice and comment period ending May...
by Barbara Hendrickson | Feb 10, 2020
Two recent announcements, one in the United States, and the other in the European Union, provide further evidence that securities regulators are paying closer to attention to climate change disclosure by market participants. A recent address by Jay Clayton, Chairman...
by Barbara Hendrickson | Jan 29, 2020
The securities regulators of Alberta, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, and Saskatchewan (the participating jurisdictions) have jointly published CSA Multilateral Staff Notice 58-311 Report on Fifth Staff Review of Disclosure regarding Women...
by Barbara Hendrickson | Jan 29, 2020
The Canadian Securities Administrators (CSA) has published CSA Notice 23-325, Update on Trading Fee Rebate Pilot Study (the Update) on its plans to proceed with the Trading Fee Rebate Pilot Study (the Pilot Study), which would analyze the effects of the prohibition of...
by Ray Luckiram | Jan 23, 2020
In the U.S., stablecoins may be regulated by two bills recently proposed by members of Congress. The first bill, “Stablecoins are Securities Act of 2019,” aims to classify “managed stablecoins” as securities. The second bill, which is still untitled, could limit...
by Barbara Hendrickson | Jan 21, 2020
The Canadian Securities Administrators (CSA) published CSA Staff Notice 21-327 Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets (the Staff Notice) on January 18, 2020. The objective of the Staff Notice is to...
by Barbara Hendrickson | Jan 21, 2020
With recent news breaking that Barron’s fourth-annual ranking of big-cap equity funds receiving a “high” or “above average” sustainability rating from Morningstar substantially outperforming those with lower sustainability ratings, you might be forgiven to think...
by Barbara Hendrickson | Jan 17, 2020
The Canadian Securities Administrators (CSA) has published CSA Consultation Paper 51-405 Consideration of an Access Equals Delivery Model for Non-Investment Fund Reporting Issuers (the Consultation Paper). The Consultation Paper seeks opinion from stakeholders...
by Ray Luckiram | Jan 7, 2020
Co-Authored by: Artem Kobzev * This article only deals with US corporations and is not applicable to US individuals An unlimited liability corporation (“ULC”) is a unique corporate structure in which shareholders may incur personal liability for debts and liabilities...
by Barbara Hendrickson | Jan 2, 2020
Mark Carney, OC, Governor of the Bank of England and former Governor of the Bank of Canada, has been appointed by United Nations Secretary-General António Guterres to serve as UN Special Envoy on Climate Action and Finance. Carney’s appointment a UN Special Envoy will...
