1 Relevant Authorities and Legislation -

1.1 What regulates M&A?

The acquisition of a Canadian public issuer is largely regulated by, but not limited to, the following:

■ securities laws enacted by each of Canada’s 13 provinces and territories, with the laws being substantially harmonised across the country;

■ governing corporate or partnership statute, or if the entity is a trust, its trust indenture;

■ stock exchange rules;

■ competition and antitrust legislation;

■ foreign investment legislation (see our response to question 1.3 below);

■ industry-specific legislation, including special rules for foreign ownership (see our response to question 1.4 below); and

■ tax laws, which are often a key driver of M&A transaction structuring.

Originally Published in the ICLG – Mergers & Acquisitions - 2024.