A newsletter providing concise updates on securities law
developments
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issuers and their advisors. For a more detailed analysis, please
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In the third quarter of 2013, the Ontario Securities Commission
("OSC") and the Canadian Securities
Administrators ("CSA") both provided
updates to the market – the OSC on possible new prospectus
exemptions and the CSA on potential regulation of proxy advisory
firms. Both proposals appear to be still gathering steam, unlike
the proposal for a specialized regime for TSX Venture Exchange
("TSX-V") issuers, which the CSA
announced it is abandoning. In addition, two relatively newer
concerns were raised by regulators this quarter – the first
with regard to the potential risks from cyber crime and the second
pertaining to the lack of women on boards and in senior management
of
