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Canada Disclosure Requirements

Smart & Biggar

Protecting trade secrets and confidential business information in Canada

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Businesses can prevent third parties from misusing their valuable and commercially sensitive business information and trade secrets through contracts and the common law in Canada....more

Skadden, Arps, Slate, Meagher & Flom LLP

New Resource Extraction Payment Disclosures Due September 26, 2024

Securities and Exchange Commission (SEC) reporting companies with fiscal years ending December 31 that engage in the commercial development of oil, natural gas or minerals are required to file a Form SD with the SEC by...more

Jackson Lewis P.C.

Understanding the EU Pay Transparency Directive

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At one time largely a U.S. concern, pay equity and transparency have rapidly become globally important to all multinational companies wherever headquartered. The EU Pay Transparency Directive is a milestone adopted with clear...more

Blake, Cassels & Graydon LLP

Pas de pause estivale pour les ACVM – Développements en droit des valeurs mobilières

Les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont récemment fait le point sur diverses initiatives en cours concernant les obligations d’information continue et les dépôts de prospectus des émetteurs...more

Blake, Cassels & Graydon LLP

No Summer Break for the CSA – Selected Securities Law Developments

The Canadian Securities Administrators (CSA) recently provided updates on various outstanding initiatives concerning continuous disclosure obligations and prospectus filings in respect of non-investment fund reporting...more

Blake, Cassels & Graydon LLP

Quebec’s Financial Sector Regulator Publishes its Climate Risk Management Guideline

On July 4, 2024, Quebec’s financial sector regulator, the Autorité des marchés financiers (AMF), published its Climate Risk Management Guideline (Guideline). The Guideline aims to build the resilience of the financial sector...more

Katten Muchin Rosenman LLP

ESG Guidepost | Issue 15

Katten ESG Guidepost is a monthly publication highlighting the latest news, legal and regulatory developments involving environmental, social and governance matters....more

Davies Ward Phillips & Vineberg LLP

Davies Comments on First Proposed Canadian Sustainability Disclosure Standards

Davies recently submitted a comment letter in response to public consultations initiated by the Canadian Sustainability Standards Board (CSSB) regarding their draft sustainability and climate disclosure standards, which aim...more

Stikeman Elliott LLP

CSA Update Guidance on ESG-Related Investment Fund Disclosure

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The Canadian Securities Administrators (“CSA”) have released a revised version of their previous guidance on investment fund disclosure relating to environmental, social and governance (“ESG”) matters (the “Notice”). The...more

Bennett Jones LLP

Alberta Court of King’s Bench Confirms Requirement for Immediate Disclosure of Pierringer Agreements

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When only some of the defendants to a lawsuit want to settle, Pierringer agreements can be an attractive solution. However, in a recent decision that adopted principles from Ontario jurisprudence, the Court of King's Bench of...more

Bennett Jones LLP

Bill 149 Receives Royal Assent—New and Upcoming Legislative Changes for Ontario Employers

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On March 21, 2024 Bill 149, Working for Workers Four Act, 2023 (Bill 149) received Royal Assent. As discussed in our initial blog, More Legislative Changes on the Horizon for Ontario Employers, late last year when the...more

Blake, Cassels & Graydon LLP

Normes d’information sur la durabilité : Nouveaux développements

Le 13 mars 2024, le Conseil canadien des normes d’information sur la durabilité (le « CCNID ») a lancé un processus de consultation au sujet de ses premières Normes canadiennes d’information sur la durabilité (« NCID »). Le...more

Stikeman Elliott LLP

Ontario Update: Bill 149 Receives Royal Assent, includes Pay Transparency and AI Disclosure Requirements for Job Postings

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On March 21, 2024, the Working for Workers Four Act, 2024 (“Bill 149”) received Royal Assent. Bill 149 amends the Ontario Employment Standards Act, 2000 (the “ESA”) to include a new section pertaining to job postings, which...more

Stikeman Elliott LLP

CSSB Releases Proposed Canadian Sustainability Disclosure Standards

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On March 13, 2024, the Canadian Sustainability Standards Board (“CSSB”) released proposed Canadian sustainability disclosure standards (the “CSSB Standards”) that are modelled after the sustainability disclosure standards...more

Blake, Cassels & Graydon LLP

New Developments in the Sustainability Disclosure Landscape

On March 13, 2024, the Canadian Sustainability Standards Board (CSSB) initiated a consultation process on its first Canadian Sustainability Disclosure Standards (CSDS). The CSSB has developed for comment two exposure drafts...more

Bennett Jones LLP

Canadian Sustainability Standards Board Announces Proposed Sustainability Disclosure Standards

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On March 13, 2024, the Canadian Sustainability Standards Board (CSSB) released exposure drafts of its first two proposed Canadian Sustainability Disclosure Standards (Proposed Standards). The Proposed Standards are based on...more

ArentFox Schiff

SEC Approves Climate-Related Disclosure Requirements

ArentFox Schiff on

On March 6, the US Securities and Exchange Commission (SEC) approved new rules requiring public companies to disclose extensive climate-related information in their registration statements and periodic reports. The SEC has...more

Stikeman Elliott LLP

CSA Update Guidance on Virtual Shareholder Meetings

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The Canadian Securities Administrators (“CSA”) provided initial guidance on virtual shareholder meetings in February 2022 to: (i) assist reporting issuers in fulfilling their obligations under securities legislation; and (ii)...more

Bennett Jones LLP

US Securities and Exchange Commission Releases Long-Anticipated Climate-Related Disclosure Rules

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On March 6, 2024, the Securities and Exchange Commission (SEC) released its widely anticipated climate-related disclosure rules (the Final Rules). The Final Rules require registrants to disclose certain climate-related...more

Blake, Cassels & Graydon LLP

Modèle d’accès aux prospectus des émetteurs assujettis qui ne sont pas des fonds d’investissement : modifications définitives

Le 11 janvier 2024, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont publié la version définitive des modifications au Règlement 41-101 sur les obligations générales relatives au prospectus, au Règlement...more

Smart & Biggar

Dexlansoprazole formulation patent invalid and not infringed by Apotex

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On February 7, 2024, the Federal Court dismissed Takeda’s action under subsection 6(1) of the Patented Medicines (Notice of Compliance) Regulations in relation to dexlansoprazole (Takeda’s DEXILANT). Justice Furlanetto...more

Bennett Jones LLP

OSC Provides Guidance on “Necessary Course of Business” Exception to Prohibition Against Tipping

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In a recent decision, Kraft (Re) (Kraft), the Ontario Capital Markets Tribunal (the Tribunal) articulated clear guidance with respect to the application of the necessary course of business (NCOB) exception to the prohibition...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - Winter 2024

The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this...more

Cozen O'Connor

BCSC Guidance on Joint Actors in Proxy Contests and Early Warning Disclosure Requirements

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On December 22, 2023, the British Columbia Securities Commission (the BCSC) rendered a decision in NorthWest Copper Corp. (Re) clarifying when parties are considered to be “acting jointly or in concert” and the appropriate...more

Dickinson Wright

CSA Adopts “Access Equals Delivery Model” for Reporting Issuer Prospectuses

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On January 11, 2024, the Canadian Securities Administrators (the “CSA”) published final amendments and changes to certain national instruments and companion policies (the “Amendments”). The Amendments provide for an optional...more

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