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ARTICLE · 06 JULY 2012

Potential Regulation of Proxy Advisory Firms

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On June 21, 2012, the Canadian Securities Administrators released CSA Consultation Paper 25-401: "Potential Regulation of Proxy Advisory Firms".

CanadaFinance and Banking
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Edited by Martine Guimond

In this issue:

  • Potential Regulation of Proxy Advisory Firms

POTENTIAL REGULATION OF PROXY ADVISORY FIRMS

By: David Taniguchi and Tina Woodside

On June 21, 2012, the Canadian Securities Administrators (the "CSA") released CSA Consultation Paper 25-401: Potential Regulation of Proxy Advisory Firms (the "Consultation Paper").  The consultation process was established by the CSA in response to concerns raised by market participants with respect to the role of proxy advisory firms in the Canadian capital markets.  Proxy advisory firms are not currently regulated under the Canadian securities law regime.

Proxy Advisory Firms & Their Role in the Capital Markets

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