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ARTICLE · 30 OCTOBER 2014

Update Regarding Proposed Amendments To Canada's Early Warning Reporting System

Miller Thomson
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After a considered review of the comment letters received, the CSA announced that it would not proceed with certain of the Proposed Amendments.

CanadaCorporate/Commercial Law
Kris Miks
Kris Miks
Shaun Parekh
Shaun Parekh
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On March 13, 2013, the Canadian Securities Administrators (the "CSA") published a number of proposed amendments to Canada's early warning reporting system (the "Proposed Amendments"), such as including, but not limited to, reporting thresholds, triggers and disclosure requirements. The Proposed Amendments were intended, in part, to address concerns about the level of transparency of shareholders with sizable holdings of issuers' securities under the early warning reporting system.

The CSA received over 70 comment letters on the Proposed Amendments. After a considered review of these letters, the CSA announced on October 10, 2014, that it would not proceed with certain of the Proposed Amendments:

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