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  • Article

    New Brunswick And Saskatchewan Join Cooperative Securities Regulator Initiative

    The federal government’s most recent initiative to create a cooperative capital markets regulatory system for Canada took another step forward.
    CanadaCorporate/Commercial Law
    Stikeman Elliott LLP
    Stikeman Elliott LLP
  • Article

    New Retail Opportunities: Prospectus Exemption For IIROC Dealers

    The ID exemption will exempt an issuer from filing a prospectus when issuing securities in the Jurisdictions if certain requirements are met...
    CanadaCorporate/Commercial Law
    Gowling WLG
    Gowling WLG
Article

Not All Penguins Are Short: Short Selling In Canada Consultation

The Canadian Securities Administrators and IIROC released Joint CSA and IIROC Staff Notice 23-329: Short Selling in Canada.
CanadaCorporate/Commercial Law
Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
  • Article

    Notice Of Housekeeping Rule Amendments To The TSX Company Manual

    On February 11, 2016, the TSX issued a notice of Housekeeping Amendments to Appendix D - Toronto Stock Exchange Evidence of Security Ownership of the TSX Company Manual.
    CanadaCorporate/Commercial Law
    Miller Thomson
    Miller Thomson
  • Article

    NYSE Rule Change Requires Semi-Annual Financial Reporting By Foreign Private Issuers

    In adopting this rule change, the NYSE framed its new section 203.03 as essential to investor protection and a critical update to the prior rule, which mandated only annual financial disclosure.
    CanadaCorporate/Commercial Law
    Davies Ward Phillips & Vineberg LLP
    Davies Ward Phillips & Vineberg LLP
  • Article

    ON Court: Class Actions Appropriate Procedure For Negligent Misrepresentation Claim

    In LBP Holdings Ltd v Hycroft Gold Corporation, the Ontario Divisional Court certified a class action alleging negligent misrepresentation against a syndicate of underwriters in relation to alleged...
    CanadaCorporate/Commercial Law
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    Ontario Court Of Appeal Provides Guidance On Composition Of OSC Panels

    ​In Ontario Securities Commission v. MRS Sciences Inc. et al., the Ontario Court of Appeal dismissed an appeal from the decision of the Divisional Court and maintained that, with respect to the two phases...
    CanadaCorporate/Commercial Law
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    Ontario Follows Suit With Securities Act Changes Tightening The Belt On Insider Trading Regulation

    The standards expected of market participants are steadily increasing in response to demand to address white collar crime – including amendments to the Ontario Securities Act.
    CanadaCorporate/Commercial Law
    McInnes Cooper
    McInnes Cooper
  • Article

    Ontario Minister Joins Crowd In Push For Crowdfunding Exemption

    At the recent Technicity conference in Toronto, Brad Duguid, Ontario’s Minister of Economic Development and Innovation, expressed support for introducing equity crowdfunding in Ontario.
    CanadaCorporate/Commercial Law
    Dentons Canada LLP
    Dentons Canada LLP
  • Article

    Ontario Securities Commission Delegates Registration Authority To CIRO

    On March 5, 2025, the Ontario Securities Commission (OSC) announced a significant regulatory shift by delegating its registration-related powers and duties to the Canadian Investment Regulatory Organization.
    CanadaCorporate/Commercial Law
    Pallett Valo LLP
    Pallett Valo LLP
  • Article

    Ontario Securities Commission Denies Catalyst Standing To Commence Application Under Public Interest Jurisdiction

    Catalyst, which held a small equity stake in Corus Entertainment Inc., sought to challenge certain aspects of Corus' acquisition of Shaw Media Inc. from Shaw Communications Inc.
    CanadaCorporate/Commercial Law
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    Ontario Securities Commission: Please Comment On Whistleblower Policy

    As we previously advised in February 2015, the Ontario Securities Commision (OSC) is seeking input on a proposed Whistleblower Program.
    CanadaCorporate/Commercial Law
    McMillan LLP
    McMillan LLP
  • Article

    Ontario Securities Commission To Target "Gatekeepers" Of Emerging Market Issuers Listed On Canadian Exchanges

    It has been suggested that the risks identified for emerging market issuers are greater where a company becomes a reporting issuer in Ontario by way of a reverse take-over or back door listing.
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Ontario Superior Court Of Justice Denies Leave To Commence Class Action Under Securities Act

    In Bradley v. Eastern Platinum Ltd., the Ontario Superior Court of Justice denied the plaintiff leave to commence a class action under the Securities Act.
    CanadaCorporate/Commercial Law
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    Ontario Superior Court Of Justice Upholds Corporate Response To Dissident Press Release

    There is little doubt that shareholder activism remains alive and well in Canada and that boards of directors will increasingly face critical decisions on how to respond to maneuvers by dissident shareholders.
    CanadaCorporate/Commercial Law
    Cassels
    Cassels
  • Article

    OSC AI Survey: An Opportunity To Showcase Your Governance Framework

    The Ontario Securities Commission (OSC) recently launched an artificial intelligence (AI) survey presenting registrants with an opportunity...
    CanadaCorporate/Commercial Law
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    OSC Broadens Number Of Officers Permitted To Sign Participation Fee Certifications

    Changes to participation fee rules now permit CEOs, CFOs, COOs and directors to certify fee forms
    CanadaCorporate/Commercial Law
    Stikeman Elliott LLP
    Stikeman Elliott LLP
  • Article

    OSC Calls For Comment On 2016-2017 Statement Of Priorities

    Below is a summary of some of the initiatives which we think will have the most significant impact on the marketplace.
    CanadaCorporate/Commercial Law
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    OSC Dismisses Insider Trading And Tipping Case In Re Soave

    A key component of illegal insider trading is that the trader—or person who tipped the trader—is in a "special relationship"
    CanadaCorporate/Commercial Law
    Torys
    Torys
  • Article

    OSC Extends Comment Period For New Prospectus Exemptions

    The Ontario Securities Commission is actively taking steps to make capital raising easier for start-ups.
    CanadaCorporate/Commercial Law
    Dentons Canada LLP
    Dentons Canada LLP
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