ArticleM&A Financing TrendsIn 2012, a number of M&A transactions completed in 2006 – 2008 were re-financed and re-leveraged.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleM&A: The View From CalgaryFollowing the Federal Government’s December 7, 2012 pronouncement on foreign investment policy as it pertains to SOEs in the oil and gas industry, 2013 should see refocused investment in Canadian resource plays. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleMFDA Proposes Enhanced Client Reporting RequirementsThe MFDA recently released proposed amendments to its rules aimed at harmonizing these with enhanced CSA client reporting requirements adopted last year.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleNew Investment Canada Act Review Threshold AnnouncedThe Federal Government has just provided notice that the general threshold for review under the Investment Canada Act for a direct acquisition of control of a Canadian business by WTO investors for 2008 will be C$295 million. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleNew Marketing Rules For Prospectus Offerings Receive Ministerial ApprovalThe OSC announced today that the Minister of Finance has approved final amendments to National Instrument 41-101 General Prospectus Requirements and National Instrument 44-101 Short Form Prospectus Distributions CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOntario CM Participation Fee Due April 1 For UIFMs With December 31 Year EndA reminder to unregistered investment fund managers that the annual capital markets participation fee applicable only in Ontario is due within 90 days of a UIFM’s year end. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Adopts Changes To Fee CalculationsThe Ontario Securities Commission has announced that it is adopting changes to its rules setting out the fees to be paid by market participants.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC And AMF Enter Into Amended MOU With ESMA Regarding Monitoring Of Central Counterparties With Recognition ConditionsOn January 13, 2022, the Ontario Securities Commission (OSC) announced that it and Québec's Autorité des marchés financiers (AMF) have entered into an amended Memorandum of Understanding (MOU) CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC And BCSC Sign Oversight Agreement Regarding The Canadian Securities ExchangeOn July 16, the Ontario Securities Commission (OSC) announced that it has entered into a Memorandum of Understanding (MOU) with the British Columbia Securities Commission (BCSC)...CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Enters Into Cooperation MOU With NYSDFSThe Ontario Securities Commission (OSC) recently announced that it has entered into a Memorandum of Understanding (MOU) with the New York State Department of Financial Service...CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Enters Into IOSCO's Enhanced Multilateral Mou On Cooperation And Information ExchangeThe Ontario Securities Commission recently entered into an enhanced multilateral memorandum of understanding (EMMoU) with the International Organization of Securities Commissions.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Finds Non-Compliance With Interim Financial Statement Disclosure RequirementsThe Ontario Securities Commission released a staff notice last week discussing its recent review of issuer compliance with section 4.3(3) of NI 51-102 "Continuous Disclosure Obligations".CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Gains Derivatives Rule-Making AuthorityAs of December 31, 2013, certain derivatives-related amendments to the Ontario "Securities Act" primarily relating to the rule-making authority of the Ontario Securities Commission have come into force.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Invites Applications For Participation Fee Relief For Certain Small Firms And IssuersThe Ontario Securities Commission yesterday published a staff notice indicating that it would be open to providing participation fee relief for certain small registered firms and reporting issuers.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Releases 2013 Enforcement ResultsThe Ontario Securities Commission today announced the results of its enforcement program for 2013. CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Releases 2014 Annual ReportThe Ontario Securities Commission recently released its 2014 annual report, which provides an overview of the OSC's key accomplishments.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Releases Draft Statement Of Priorities For 2015-2016The Ontario Securities Commission today released a draft Statement of Priorities for the financial year ending March 31, 2016.CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC Settlement Proceedings May Be Applied To Investor EducationOn June 20, Ontario's Bill 55, the "Strong Action for Ontario Act (Budget Measures), 2012 received Royal Assent". CanadaCorporate/Commercial LawStikeman Elliott LLP
ArticleOSC To Allow No-Contest SettlementsThe Ontario Securities Commission announced yesterday that it is adopting a series of previously-proposed enforcement initiatives. CanadaCorporate/Commercial LawStikeman Elliott LLP