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Les ACVM publient des indications à l’intention des comités d’examen indépendant

Le 21 mars 2024, la Commission des valeurs mobilières de l’Ontario (la « CVMO ») et l’Autorité des marchés financiers (l’« AMF ») ont publié l’Avis multilatéral 81-337 du personnel des ACVM (l’« Avis »), dans lequel elles...more

Securities Regulators Provide Guidance for Independent Review Committees

On March 21, 2024, the Ontario Securities Commission (OSC) and the Autorité des marchés financiers (AMF) published CSA Multilateral Staff Notice 81-337 outlining the results of their continuous disclosure review related to...more

Rapport 2023 de la CVMO sur les activités principales de sa direction des fonds d’investissement et

La Commission des valeurs mobilières de l’Ontario (la « CVMO ») a récemment publié l’édition annuelle de son rapport sommaire sur les activités principales de sa direction des fonds d’investissement et produits structurés (le...more

Highlights From the OSC’s 2023 Summary Report for Investment Fund and Structured Product Issuers

The Ontario Securities Commission (OSC) recently released its annual Summary Report for Investment Fund and Structured Product Issuers (Report), prepared by the Investment Funds and Structured Products Branch (IFSP Branch)...more

Launch of SEDAR+ Completed

The System for Electronic Data Analysis and Retrieval + (SEDAR+) launched on July 25, 2023. Accordingly, the exemptions from filing or delivering certain documents through SEDAR+ during the transition period no longer apply....more

CSA Provides Update on Upcoming Transition to SEDAR+ (Updated)

In a notice published on July 17, 2023, the Canadian Securities Administrators (CSA) announced the publication of exemptions from certain filing requirements on the System for Electronic Data Analysis and Retrieval + (SEDAR+)...more

Les ACVM reportent le lancement de SEDAR+

On June 1, 2023, the Canadian Securities Administrators (CSA) announced the deferred launch of the new System for Electronic Data Analysis and Retrieval+ (SEDAR+). SEDAR+ had a planned launch date of June 13, 2023. The CSA...more

CSA Defers Launch of SEDAR+

On June 1, 2023, the Canadian Securities Administrators (CSA) announced the deferred launch of the new System for Electronic Data Analysis and Retrieval+ (SEDAR+). SEDAR+ had a planned launch date of June 13, 2023. The CSA...more

Les ACVM font le point sur le transfert vers SEDAR+

Dans un avis publié le 11 mai 2023, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont annoncé la publication de dispenses de certaines obligations de dépôt au moyen du Système électronique de données,...more

CSA Provides Update on Upcoming Transition to SEDAR+

In a notice published on May 11, 2023, the Canadian Securities Administrators (CSA) announced the publication of exemptions from certain filing requirements on the System for Electronic Data Analysis and Retrieval + (SEDAR+)...more

Indications des ACVM quant à l’information que doivent publier les fonds d’investissement au sujet des facteurs ESG

Les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont fourni des indications sur les pratiques des fonds d’investissement en matière de publication d’information sur les considérations entourant les facteurs...more

CSA Publishes Guidance on ESG-Related Investment Fund Disclosure

The Canadian Securities Administrators (CSA) have published guidance for investment fund issuers with respect to disclosure related to environmental, social and governance (ESG) considerations, particularly funds whose...more

Securities Regulators Look to Improve Client-Registrant Relationship with Client Focused Reforms

The Canadian Securities Administrators (CSA) recently published reforms to enhance the client-registrant relationship (Client Focused Reforms). The Client Focused Reforms amend National Instrument 31-103 Registration...more

New TSX Rules Governing Special Purpose Acquisition Corporations Now in Effect

The Toronto Stock Exchange (TSX) announced amendments (Amendments) to Part X — Special Purpose Acquisition Corporations (SPACs) of the TSX Company Manual (Manual), which came into effect on October 4, 2018. Notable changes to...more

CSA Publishes Reforms to Enhance Client-Registrant Relationship and Policy on Embedded Commissions

The Canadian Securities Administrators (CSA) recently released two highly anticipated notices related to CSA’s investor protection initiatives. The proposals are the result of a lengthy consultation process and aim to better...more

TSX Seeks Input on Proposed Changes to Rules Governing Special Purpose Acquisition Corporations

The Toronto Stock Exchange (TSX) recently released proposed amendments (Proposed Amendments) to Part X — Special Purpose Acquisition Corporations (SPACs) of the TSX Company Manual (Manual). Notable changes include codifying...more

CSA, TSX Address Treatment of Canadian Reporting Issuers with U.S. Cannabis-Related Business Activities

On October 16, 2017, the Canadian Securities Administrators (CSA) and the Toronto Stock Exchange (TSX) released staff notices regarding their respective treatment of issuers with cannabis-related activities in the United...more

Cannabis M&A: Overview of Strategies for Buying or Selling a Business

As Canada gears up to legalize cannabis for recreational use (expected by July 2018), companies operating in the sector and those in ancillary markets are looking to raise capital to fund their business plans and expected...more

CSA’s New Consultation Paper Looks to Enhance Registrants’ Obligations

The Canadian Securities Administrators (CSA) recently released Consultation Paper 33-404 Proposals to Enhance the Obligations of Advisers, Dealers and Representatives Toward their Clients (Consultation Paper), which considers...more

The ABCs of SPACs: Canadian Experience

While market uncertainty and volatility have affected other sectors of Canadian capital markets, the Canadian Special Purpose Acquisition Corporation (SPAC) market has continued to thrive in the second part of 2015. Since...more

TSX Amends Requirements for Closed-end Funds, Exchange Traded Products and Structured Products

The Toronto Stock Exchange (TSX) has adopted amendments to the TSX Company Manual (Manual) concerning non-corporate issuers, effective September 17, 2015. The amendments generally codify existing practices of the TSX with...more

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