Canadian Securities Regulators Publish Liquidity Risk Management Guidance for Investment Fund Managers

...a material risk for one fund may not be material for another. While the guidance is intended for investment funds that are subject to National Instrument 81-102 Investment Funds, many...

Canadian Securities Regulators’ Review Finds Medical Marijuana Business Disclosure Deficient

...disclosure expectations for reporting issuers contemplating involvement in Canada’s medical marijuana industry. The CSA’s review aimed to determine if reporting issuers were meeting the requirements of National Instrument 51-102 Continuous...

Canadian Securities Regulators Propose Significant Amendments to Canada’s Take-Over Bid Regime

...and Request for Comment for the Proposed Bid Amendments, which includes proposed changes to Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids and National Policy 62-203 Take-Over Bids and Issuer Bids,...

Canadian securities regulators publish guidance for proxy advisory firms

Montreal – The Canadian Securities Administrators (CSA) today adopted National Policy 25-201 Guidance for Proxy Advisory Firms (the Policy). “The Policy recommends best practices that are intended to address the concerns...

Canadian Securities Regulators Seek Comments on Application of Order Protection Rule to Marketplaces Imposing Systematic Order Processing Delays

Toronto – The Canadian Securities Administrators (CSA) today published for comment proposed amendments to the Companion Policy to National Instrument 23-101 Trading Rules. The proposed amendments provide an interpretation of the...

Canadian Securities Regulators Propose Harmonized Reporting for the Exempt Market

Toronto – Today, the Canadian Securities Administrators (CSA) published for comment proposed amendments to National Instrument 45-106 Prospectus Exemptions that would introduce a new harmonized report of exempt distribution. This single report...

Canadian Securities Regulators finalize significant changes to the rights offering regime

...The amendments create a prospectus exemption that is available only to reporting issuers, but not investment funds subject to National Instrument 81-102 Investment Funds. The exemption removes the current requirement...

Regulators Release Results of Compliance with New Disclosure Requirements on Women on Boards and in Executive Officer Positions

...Staff’s review of disclosure of over 700 TSX-listed issuers with year-ends between December 31, 2014 and March 31, 2015 following the implementation of amendments to National Instrument 58-101 Disclosure of...

Regulators Finalize Offering Memorandum Exemption

Toronto –  The securities regulatory authorities in Alberta, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan (collectively, the participating jurisdictions) today published Multilateral CSA Notice of Amendments to National Instrument 45-106...

Canadian securities regulators propose pre-sale delivery of Fund Facts for mutual funds

Toronto – The Canadian Securities Administrators (CSA) today published for a second comment period, proposed amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101), which would require a...