SECURITIES REGULATION -

The principal stated purpose of Canadian securities legislation is to preserve the integrity of capital markets and to protect the investing public. In Canada, there is not yet federal legislation relating to the marketing and sale of securities. Instead, each province and territory has its own legislation which regulates the marketing and sale of securities in that province or territory, and the provincial securities regulators have formed the Canadian Securities Administrators to consider and adopt national policy statements, called National Instruments, to harmonize securities law and regulation across the country.

SECURITIES MARKETS -

Securities markets in Canada are similar to those in the United States, although significantly smaller in size and volume. Recently, public markets have been restructured in an effort to ensure a strong exchange system for Canadian capital markets participants.

In addition, very significant amounts of capital are raised in what is referred to as the “exempt market.” This market exists because certain trades in classes of securities and trades to certain types of purchasers have been exempted from the detailed filing and prospectus requirements of the securities legislation. Securities issued in this manner may only be resold without a prospectus if a further statutory exemption is available or an exemption ruling is obtained. This is sometimes referred to as the “closed system.”

Please see full Chapter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Canada, Capital Markets, Foreign Investment, Regulation, Securities

Published In: General Business Updates, Finance & Banking Updates, International Trade Updates, Mergers & Acquisitions Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© MERITAS - Law Firms Worldwide | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »