Jeremy Shelford reviews the Ontario Securities

Commission reasons for judgment on the HudBay

and Lundin matter, and how they will affect the

acquisition of any TSX company. John Conway

discusses the results of the Canadian Securities

Administrators (“CSA”) review program of public

companies thus far through 2009, and outlines some

of the deficiencies noted by the CSA. Sean O’Neill

reviews the new registration requirements imposed

on firms and individuals who sell securities as set

out in National Instrument 31-103, and examines the

available exemptions under these new requirements.

And finally, Stephen White ponders a proposed policy

change with regard to slate director elections set to

take effect in 2010.