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Lenders advancing funds in stages or draws to a mortgagor should pay particular attention to searching for execution judgments against the mortgagor prior to advancing such funds.

Staff of several of the provincial securities regulators announced that they will soon begin compliance reviews of audit committees, focusing on two aspects of the audit committee rule—the composition of the audit committee and its responsibilities.

The Government of Canada has taken steps to address concerns regarding both the Canadian housing market and Canadian banking institutions' ability to lend during the COVID-19 crisis in its overall financial relief initiatives.

In Saskatchewan, the court exercises a supervisory role in foreclosure proceedings. This role is to ensure that the correct processes and law are followed

The recent decision of the Ontario Court of Appeal in Bennett v. Bennett Environmental Inc. in certain respects will be a comfort to directors of public issuers, and in other respects highlights issues that should cause directors to not take indemnification for granted.

Canadian securities regulators have recently revised some of the rules governing insider reporting. National Instrument 55-101, "Insider Reporting Exemptions", provides relief from the obligation to file insider reports in certain situations and has been amended.

The Autorité des marchés financiers last week published for comment draft regulations and a policy statement related to the "Money-Services Businesses Act".

The Canadian Securities Administrators has commented on variations to bid terms that make a takeover bid less favourable to the target securityholders.

The Canadian Securities Administrators (CSA) have published for comment proposed amendments to the proxy solicitation and information circular provisions of National Instrument 51-102.

As you likely know by now, amendments to the Ontario Securities Act providing for civil liability for secondary market disclosure came into force on December 31, 2005. In general terms, these amendments provide statutory civil liability on reporting issuers, directors, officers and others for misrepresentations in continuous disclosure documents.

As we discussed in posts of February 25 and March 18, IIROC has requested comments on proposed amendments to the UMIR that would, among other things, repeal short sale price restrictions currently applicable on Canadian markets.

The Investment Funds Branch of the Ontario Securities Commission recently released its latest issue of the Investment Fund Practitioner, dated May 2013.

The federal government announced the proposed expansion of the Code of Conduct for the Credit and Debit Card Industry in Canada.

Staff of the Canadian Securities Administrators have been signalling for some time their goal to have proposed National Instrument 31-103 "Registration Requirements" come into force by March 31, 2009.

The Supreme Court continued its hearings today on the reference case considering the constitutionality of the proposed federal Securities Act.

In our blog post of September 4, 2018, we identified what we viewed as an improper application by the Probate Registry of the Supreme Court of Newfoundland and Labrador of subsection 4(3) of the provincial SCA...