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.
Guidance for investment dealers
Fallout from the COVID-19 pandemic includes an increased prospect of investor loss litigation and regulatory action for investment dealers and advisors. We cover key issues that dealers should consider with a view to mitigating exposure.
Read all our COVID-19 guidance for organizations on torys.com.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
