ArticleTSX Proposes A New Order Type: Long Life OrdersA new order type is being proposed to address concerns with market quality caused by high frequency trading.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleTSX Provides Disclosure Guidance For Transactions Requiring Security Holder ApprovalOn September 28, the TSX issued guidance regarding the disclosure to be included in a circular, form of written consent or press release for transactions requiring securityholder approval, such as private placements and acquisitions that result in more than 25% dilution, as well as those not involving the issuance of securities but which require security holder approval on account of the involvement of insiders or related parties for non-exempt issuers.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleTSX Updates NCIB And Dividend/Distribution Declaration FormsThe Toronto Stock Exchange yesterday announced that it is adopting various housekeeping amendments to the TSX Company Manual.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleTSXV Amends Policy 5.1 - Loans, Loan Bonuses, Finder's Fees And CommissionsAmendments to Policy 5.1 – Loans, Bonuses, Finder's Fees and Commissions of the TSX Venture Exchange came into force on January 26, 2015. CanadaCorporate/Commercial LawAird & Berlis LLP
ArticleUnsuitable Investments Top Investor Complaints To IIROCIIROC has also issued confidential Complaints and Inquiries Statistics Reports to all the firms it regualtes in conjunction with the publichishing of these statistics.CanadaCorporate/Commercial LawBorden Ladner Gervais LLP
ArticleVarious Developments Result In Changes To Rules Governing Marketplace Operations And TradingOn a related note, the Ontario Securities Commission recently approved changes to the protocols for the review and approval of exchange rules.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleVideo #3: When Private Equity Goes PublicPrivate equity sponsors preparing for an IPO need to tailor their approach to the needs of the portfolio company, the investors, and the firm itself. In this video from our IPO essentials series,CanadaCorporate/Commercial LawTorys
ArticleWhistleblower Awarded $20M (USD) Under The Securities and Exchange Commission's Whistleblower ProgramOn November 14, 2016, the Securities and Exchange Commission ("SEC") announced an award of more than $20 million to a whistleblower who promptly provided the regulator with valuable information that allowed the SEC to commence an enforcement action against the wrongdoers before they could squander the money.CanadaCorporate/Commercial LawBorden Ladner Gervais LLP
ArticleWhistleblower Program Working Well, OSC Finds In Two-Year ReviewThe Ontario Securities Commission (OSC) recently released an update on the progress of its whistleblower program. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleWill The Money Pour In From Restricted Dealers New FeesAs first reported in our November 2023 bulletin, the Ontario Securities Commission (OSC) was consulting on new fees applicable to certain dealers.CanadaCorporate/Commercial LawBorden Ladner Gervais LLP
ArticleWrap-Up: The Evolving Landscape Of Securities LitigationWith legislative changes on the horizon, new enforcement initiatives and an increasingly creative array of civil claims, securities litigation risk is posing a particular challenge for Canadian companies.CanadaCorporate/Commercial LawBlake, Cassels & Graydon LLP
ArticleYukon's Securities Transfer Act Now In ForceYukon recently proclaimed the Securities Transfer Act and related amendments to the Personal Property Security Act (related to security interests in investment property) into force effective May 1, 2015...CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleTrump Trumped at the Supreme CourtLast year, the Ontario Court of Appeal 's decision in Singh v Trump overturned a lower court decision and awarded the plaintiff damages against Donald J. Trump Sr. (as he then was) for negligent misrepresentation with respect to a Trump Hotel investement program (read about that here).CanadaCriminal LawBorden Ladner Gervais LLP
ArticleCLE VI - Key Topics In Canadian Corporate Energy LawOn Tuesday, February 2, the firm's Calgary office hosted its Continuing Legal Education Roundup (CLE VI) and a provided a review of key topics in the following areas.CanadaEnergy and Natural ResourcesStikeman Elliott LLP
Article"Perspicacious Speculation" Of A Possible Oil And Gas Transaction Held Not To Constitute Insider TradingOn June 17, 2014, the Alberta Securities Commission released a decision, Re Hagerty. In this case, the Staff of the ASC (Staff) alleged that Sherry Hagerty and her spouse Gary Hagerty engaged in illegal insider trading and tipping. CanadaEnergy and Natural ResourcesBorden Ladner Gervais LLP
ArticlePIPE Investments In Canadian Listed Oil & Gas CompaniesA substantial private placement or "private investment in public equity" (a PIPE) involves the direct or indirect acquisition of a control position in a public company by an investor...CanadaEnergy and Natural ResourcesStikeman Elliott LLP
ArticleStans Energy Corp. v. Kyrgyz Republic, 2015 ONSC 3236Stans Energy applied in Ontario to enforce an award issued by a Moscow arbitration panel, and obtained an ex parte Mareva injunction freezing shares in Toronto-based Centerra Gold Inc...CanadaEnergy and Natural ResourcesMcCarthy Tétrault
ArticleDavies Comments On First Proposed Canadian Sustainability Disclosure StandardsDavies recently submitted a comment letter in response to public consultations initiated by the Canadian Sustainability Standards Board (CSSB) regarding their draft sustainability and climate disclosure standards...CanadaEnvironmentDavies Ward Phillips & Vineberg LLP
ArticleA Little Breathing Room – FSRA Announces Additional Time To Comply With Title Protection Framework In OntarioThe Financial Services Regulatory Authority of Ontario (FSRA) announced in December that it was giving industry participants that use the title of "financial advisor" or "financial planner"...CanadaFinance and BankingBorden Ladner Gervais LLP
ArticleA View From The Scenic Route: The 2025 OTC Derivatives ReportThe Ontario Securities Commission has released its 2025 Annual Report on Canadian OTC derivatives markets, revealing significant shifts in market composition and regulatory oversight. Interest rate derivatives continue to dominate with 88.2% of total gross notional outstanding, while new data quality standards and expanded clearing requirements signal a more sophisticated regulatory approach to derivatives monitoring and risk management. CanadaFinance and BankingBorden Ladner Gervais LLP