Businesses face wide-ranging issues as the world responds to
the COVID 19 pandemic. Here is the latest guidance from Torys.
In response to the impact of the pandemic on the capital
markets, regulators and dealers are taking steps to address a host
of emergent legal and regulatory issues.
Capital markets relief
The Canadian Securities Administrators and Toronto Stock
Exchange have
published blanket relief, extending deadlines for certain
continuous disclosure filings and the holding of AGMs, and
increasing purchase limits under normal course issuer bids.
Meanwhile, the U.S. Securities and Exchange Commission has taken
a number of
measures that will impact Canadian/U.S. cross-listed
issuers.
