2,180 results found

In preparation for the changeover in 2011 to International Financial Reporting Standards (IFRS), Canadian securities regulators have proposed revisions to National Instrument 52-107, Acceptable Accounting Principles and Auditing Standards.

The Ontario Securities Commission (OSC) recently released the results of its review of the quality of International Financial Reporting Standards (IFRS) transition disclosure provided by certain randomly selected issuers in their 2008 annual and 2009 interim management discussion and analysis (MD&A).

Canada's securities regulators have adopted National Policy 12-203, Cease Trade Orders for Continuous Disclosure Defaults.

The Canadian Securities Administrators today announced the adoption of amendments to NI 21-101 Marketplace Operations, NI 23-101 Trading Rules, their companion policies and related forms to update and streamline the instruments' regulatory and reporting requirements.

As described in a number of previous posts (see my posts of October 21, October 28 and November 4), in October, the SEC published two proposals for rules mandated by the Dodd Frank Act: (i) those related to representations and warranties in ABS securities offerings; and (ii) those requiring any issuer of registered ABS to perform a review of the assets underlying the ABS.

In Frye v. Frye Estate, the Ontario Court of Appeal held that a bequest of shares was valid, notwithstanding that such bequest was clearly contrary to the explicit terms of a unanimous shareholder agreement and letters patent.

In Neo Material Technologies Inc., the Ontario Securities Commission (OSC) was asked to set aside a shareholder rights plan established by the board of directors of the target of a hostile take-over bid.

On July 16, 2010, the Canadian Securities Administrators (CSA) published for comment a proposed rule, policies and related consequential amendments that would impose requirements on those credit rating agencies or organizations (CROs) wishing to have their credit ratings eligible for use in places where credit ratings are referred to in securities legislation.

In a unanimous judgment, the Supreme Court of Canada has ruled that the proposed federal Securities Act is unconstitutional.

Recently, the Alberta Court of Appeal released its decision in Toronto-Dominion Bank v. Currie.

The 2024 Federal Budget targets three main areas related to financial services regulation: housing affordability; opportunities relating to digital innovation...

On October 10, 2019, the Ontario Court of Appeal released its decision in Del Hugh Terrelonge v CVC Ardellini Investments Inc. ("CVC").

A recent decision of the Delaware Court of Chancery (<I>In Re Tele-Communications, Inc. Shareholders Litigation</I>) focuses on issues that boards should consider when establishing a special committee and retaining financial advisers. While the deficiencies of the particular committee in the case are obvious, the deficiencies in the retention of the financial advisers are more complex.

On December 4, 2009, the British Columbia Securities Commission adopted a companion policy to its November 24, 1999 Blanket Order 91-502 "Short Term Foreign Exchange Transactions" (the "blanket order").

Sometimes brokers or member firms query whether they can or should be the subject of IDA disciplinary proceedings when the broker has left the industry or the matters in question otherwise seem to be "ancient history".

It remains to be seen whether the reform fever that is presently sweeping through the US securitization market will continue unabated across the 49th parallel but there is no question that these monumental reforms have given rise to a considerable amount of discussion and debate over the appropriateness of similar reforms in Canada.

This supplement is for Canadian cross-border issuers that make filings with the SEC.