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Public companies are required to inform the market of material changes in their affairs. Issuers listed on the Toronto Stock Exchange (TSX) or the TSX Venture Exchange must also disclose material facts that have a bearing on their business.

The Court of Appeal for Ontario recently confirmed that there is no standalone "established common law entitlement" allowing a mortgagee to claim accelerated interest on a closed mortgage...

Canadian Securities Administrators (CSA) Notice 31-320, published October 15, 2010, proposes amendments to National Instrument 31-103 Registration Requirements & Exemptions (NI 31-103) and its companion policy that introduce an international investment fund manager registration exemption.

An exchange-traded fund (ETF) is an investment vehicle that allows investors to buy an entire basket of securities through a single security.

On May 19, 2009, the Federal Reserve Bank of New York (NY Federal Reserve) announced the expansion of its Term Asset-Backed Securities Loan Facility (TALF) to include commercial mortgage-backed securities issued before January 1, 2009 (Legacy CMBS).

The Ontario Securities Commission has made public the guidelines that its Staff use when deciding if it is appropriate to disclose an ongoing investigation by the Enforcement Branch.

Guideline B-20 sets out OSFI's expectations with respect to FRFIs' stress testing of debt serviceability by residential mortgage loan borrowers

On November 17, 2016 the Supreme Court of Canada decided a mortgagee has the mortgagor's implied consent to disclose its discharge statement to the mortgagor's judgment creditor.

Canadian companies issuing high yield debt have historically had little choice but to tap the high yield market south of the border.

Toronto Stock Exchange staff has issued a notice providing temporary relief until 11:59 p.m. EST on March 31, 2009, unless further extended, to listed issuers from certain requirements of the TSX Company Manual in relation to normal course issuer bids and the TSX’s remedial review process.

Out of the US Supreme Court comes a positive development for Canadian issuers of securities who have business operations in the United States: the US Supreme Court held, on June 24, 2010, that the principal statutory provisions used by security-holders to bring class actions in the US — s.10(b) of the Securities and Exchange Act of 1934 and SEC Rule 10b-5 (which is promulgated under s.

Canadian Securities Administrators (CSA) Notice 31-320, published October 15, 2010, proposes amendments to National Instrument 31-103 Registration Requirements & Exemptions (NI 31-103) and its companion policy that introduce an international investment fund manager registration exemption.

In August 2022, the Ontario Financial Services Regulatory Authority (FSRA) issued Guidance announcing: (1) FSRA's adoption of the Principles for Cybersecurity Preparedness for the Mortgage Brokering Sector...

A year ago, we squinted a bit, scratched our heads and tried to discern where things were going with interest rates, the economy, the stock market. Just the simple stuff (cue laugh track).

In December 2008, the Canadian Securities Administrators (CSA) published for comment proposed National Instrument 55-104 “Insider Reporting Requirements and Exemptions” (NI 55-104) and a related companion policy.

In its unanimous decision overturning the first class action judgment for an alleged prospectus misrepresentation, the Ontario Court of Appeal has calmed the nerves of directors and management of public companies in Canada.

If you ask a lawyer why an indemnity clause is included in an agreement, the reflexive answer is usually some version of "risk allocation". That answer is true. It is also incomplete.

On May 28, 2010, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) published Joint Staff Notice 23-308, which provides an excellent summary of the comments of various marketplaces, dealers and buy-side representatives expressed during the CSA-IIROC joint forum held in Toronto on March 23, 2010, to discuss the Consultation Paper 23-404 "Dark Pools, Dark Orders, and Other Developments in Market Structure in Canada".