by Barbara Hendrickson | Apr 19, 2020
The Ontario Securities Commission (OSC) has provided temporary relief to market participants by waiving all late fees that accumulate between April 17, 2020 and June 1, 2020. This is estimated to result in over $300,000 of relief to issuers, registrants and insiders...
by Barbara Hendrickson | Apr 19, 2020
On April 16, 2020 the Canadian Securities Administrators (CSA) published an update to CSA Staff Notice 51-360 “Frequently asked questions regarding filing extension relief granted by way of a blanket order in response to COVID-19” (CSA Staff Notice) which was first...
by Barbara Hendrickson | Apr 18, 2020
On April 16, 2020, the Canadian Securities Administrators (the CSA) published CSA Notice 31-357 which will allow more time for registered firms and individuals (registrants) to implement certain provisions of the Client Focused Reforms (CFRs). All members of the...
by Barbara Hendrickson | Apr 18, 2020
The Canadian Securities Administrators (CSA) announced on April 17, 2020 temporary blanket relief that permits mutual funds to engage in additional short-term borrowing from April 17, 2020 to July 31, 2020. The conditional temporary relief is available to...
by Barbara Hendrickson | Apr 18, 2020
The Canadian Securities Administrators (CSA) on April 16, 2020 announced that it is adjusting the timeline to implement changes that will harmonize the regulation of syndicated mortgages across Canada. In December 2019, the CSA published an update on its...
by Barbara Hendrickson | Apr 13, 2020
The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) issued a joint statement on April 9th, 2020. According to the statement, IIROC’s market monitoring and surveillance functions remain robust, secure and...
by Barbara Hendrickson | Apr 9, 2020
TSX Venture Exchange (the “Exchange”) announced on April 8, 2020 that it is providing notice of further measures in response to the COVID-19 pandemic. Given the current extraordinary ongoing situation, the Exchange will provide temporary relief (the “Temporary...
by Barbara Hendrickson | Apr 6, 2020
The Canadian Securities Administrators (CSA) have published CSA Staff Notice 51-360 Frequently asked Questions Regarding Filing Extension Relief Granted by Way of a Blanket Order in Response to COVID-19 (the Staff Notice). The Staff Notice contains CSA staff’s views...
by Barbara Hendrickson | Apr 6, 2020
In light of the COVID-19 pandemic, the Government of Ontario has acted to support business corporations, not-for-profit corporations, insurers, and share capital social clubs by issuing an Emergency Order (the Emergency Order) to provide flexibility for corporate...
by Barbara Hendrickson | Apr 2, 2020
Barbara Hendrickson, of BAX Securities Law, was prominently quoted in a recent article in the Law Times. The article, “CSA’s equity crowdfunding proposals unlikely to draw more investors: securities lawyers”, by staff writer Luis Mullan, discusses the recent Canadian...
