New Rules on using the Accredited Investor Exemption May 5, 2015On February 19, 2015 the Canadian Securities Administrators (“CSA”) published guidance that clarified how the accredited investor exemption in National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) was to be applied in Canada. Going forward the CSA…
Prospectors & Developers Association of CanadaInternational Convention Trade Show & Investors Exchange March 3, 2015 Chair Barbara Hendrickson, CEO Securities Partner BAX Securities LawCapital Markets Open Program: How can we get risk capital back?The Capital Markets Open Program will focus on financing options available for exploration…
The Canadian Securities Administrator’s announced certain changes to the accredited investor exemption on February 19, 2015 (effective May 5, 2015). The changes require, among other things, that issuers selling under the accredited investor exemption include a new risk acknowledgement form (45-106F9) for most individual accredited…
On February 19, 2015 the Ontario Securities Commission announced the introduction of the family, friend and business associates exemption (“FFBA exemption”) effective May 5, 2015. The purpose of the new rules is to bring Ontario in line with the rest of the Canadian jurisdictions to…
Barbara is running for Bencher of the Law Society of Upper Canada. The Law Society of Upper Canada is mandated to govern the legal profession in the public interest. Benchers sit as embers of Convocation to fulfill that mandate. The Bencher election will be held…
Effective February 11, 2015, the Ontario Securities Commission amended OSC Rule 45-501 to introduce a new prospectus exemption that allows issuers listed on the TSX, the TSXV, the CSE or the Aequitas NEO Exchange to raise capital from existing shareholders. The introduction of the existing…
Barbara has been appointed as Vice Chair of the Responsible Investment Committee (“RIC”) of the University of Toronto. RIC was created to provide advice to the Governing Council of the University through the Financial Services Department, the Business Board to the Administration and the University…
The Ontario Securities Commission announced today that it has appointed Barbara to its Small and Medium Enterprises Committee (SMEC).The purpose of SMEC is to advise OSC staff on matters related to small and medium enterprises (SMEs), including the challenges they face in operating their businesses…
University of Toronto – Arbor Award June 27th, 2014The University of Toronto has selected the Environmental Finance Advisory Committee of which Barbara Hendrickson is a long time member for the prestigious 2014 Arbor Award. The Arbor Awards were created in 1989 to recognize volunteers for…
By Barbara HendricksonOn March 20, 2014, the securities commissions of Quebec, Saskatchewan, New Brunswick, Manitoba and Nova Scotia (“participating jurisdictions”) published for comment:proposed Multilateral Instrument 45-108 and CP “Crowdfunding” (“crowdfunding exemption”); anda separate prospectus and registration exemption for “start-up companies” published under local blanket rulings…