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Canada Proposed Amendments

Bennett Jones LLP

Statutory Amendments to Certification Test: Banman v Ontario, 2023 ONSC 6187

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Approximately four years have passed since the new amendments to Ontario’s Class Proceedings Act, 1992 came into force. One of the most significant amendments was the addition of subsection 5(1.1) to the preferable procedure...more

Stikeman Elliott LLP

CSA Propose Amendments Related to CSE’s Senior Tier, Majority Voting, Escrow Agreements and More

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The Canadian Securities Administrators (“CSA”) recently published for comment proposed amendments and changes to certain national instruments and policies to: (i) address the Canadian Securities Exchange’s (“CSE”) creation of...more

Stikeman Elliott LLP

Ontario Consultation on Regulating Life & Health Managing General Agents Launched

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On July 26, 2024, the Ontario Ministry of Finance launched a consultation on proposed amendments to the Insurance Act that would create a regulatory framework for life and health managing general agents (L&H MGAs) and those...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

Stikeman Elliott LLP

CSA Propose Amendments to Rules for Public Crypto Asset Funds

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The Canadian Securities Administrators (“CSA”) recently published proposed amendments to National Instrument 81-102 Investment Funds (“NI 81-102”) and changes to its companion policy (the “Proposed Amendments”) relating to...more

Blake, Cassels & Graydon LLP

CSA Finalizes Amendments to Implement Access Model for Prospectuses of Non-Investment Fund Reporting

On January 11, 2024, the Canadian Securities Administrators (CSA) published in final form amendments and changes to National Instrument 41-101 – General Prospectus Requirements, National Instrument 44-101 – Short Form...more

Stikeman Elliott LLP

OSC Proposes Fee Increase for Restricted Dealers, Including Crypto Asset Trading Platforms

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The Ontario Securities Commission (“OSC”) recently proposed amendments (the “Proposed Amendments”) to OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees (together, the “Fee Rules”) that would introduce two...more

Dickinson Wright

Understanding the CSA’s Proposed Shelf Prospectus Regime for Well-Known Seasoned Issuers

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On September 21, 2023, the Canadian Securities Administrators (the “CSA”) published proposed amendments to National Instrument 44-102 Shelf Distributions (“NI 44-102”) as well as to certain other rules and policies in...more

Smart & Biggar

Ontario Ministry of Health proposes regulatory amendments removing submission requirements for well-established drugs

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On October 19, 2023, the Ontario Ministry of Health proposed regulatory amendments under the Ontario Drug Benefit Act (ODBA) and the Drug Interchangeability and Dispensing Fee Act (DIDFA) to align Ontario’s requirements for...more

Stikeman Elliott LLP

CSA Propose Amendments to Facilitate Voluntary T+1 Settlement for Mutual Funds

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The Canadian Securities Administrators (“CSA”) have proposed amendments to National Instrument 81-102 Investment Funds (“NI 81-102”) to facilitate voluntary decisions by mutual funds to shorten the settlement cycle for...more

Stikeman Elliott LLP

Government’s “Generational Changes to Competition Law in Canada” Increase Risks for Canadian Businesses

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On November 28, 2023 the Canadian government unveiled another round of amendments to the Competition Act that had been previewed in its Fall Economic Statement the previous week. These changes, together with several...more

Bennett Jones LLP

Canadian Securities Regulators Propose Permanent Expedited Well-Known Seasoned Issuer Program

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On September 21, 2023, the Canada Securities Administrators (CSA) published a notice and request for comment regarding proposed amendments to National Instrument 44-102—Shelf Distributions (NI 44-102) and other securities law...more

Blake, Cassels & Graydon LLP

Les ACVM proposent des dispenses permanentes pour les émetteurs établis bien connus

Le 21 septembre 2023, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont annoncé des projets de modification (les « projets de modification ») visant le Règlement 44-102 sur le placement de titres au moyen...more

Blake, Cassels & Graydon LLP

CSA Proposes Permanent Exemptions for Well-Known Seasoned Issuers

On September 21, 2023, the Canadian Securities Administrators (CSA) announced proposed amendments (Proposed Amendments) to National Instrument 44-102 Shelf Distributions (NI 44-102) and certain other instruments and policies...more

Davies Ward Phillips & Vineberg LLP

Canada’s Competition Act Reforms Include Expanded Power to Challenge Anticompetitive Agreements

The Minister of Finance recently introduced Bill C-56 to implement certain proposals announced by the Prime Minister designed to lower prices and “make life more affordable” for Canadians. The bill provides details of the...more

Blake, Cassels & Graydon LLP

Le gouvernement du Canada propose d’importantes modifications à la Loi sur la concurrence

Le 21 septembre 2023, le gouvernement fédéral a proposé d’importantes modifications à la Loi sur la concurrence (la « Loi »). Les modifications proposées font suite à l’annonce récente du premier ministre selon laquelle le...more

Stikeman Elliott LLP

CSA Propose Amendments to Shelf Prospectus Regime for WKSIs

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On September 21, 2023, the Canadian Securities Administrators (“CSA”) announced proposed amendments to National Instrument 44-102 Shelf Distributions (“NI 44-102”) relating to well-known seasoned issuers ("WKSIs")as well as...more

Blake, Cassels & Graydon LLP

Canadian Government Introduces Important Amendments to the Competition Act

On September 21, 2023 the federal government proposed key amendments to the Competition Act (Act). The proposed amendments follow the Prime Minister’s recent announcement that the government would introduce changes to the Act...more

Davies Ward Phillips & Vineberg LLP

Canadian Government Announces “First Set” of Competition Act Reforms

In a recent press release, Canada’s Prime Minister announced a “first set” of proposed changes to the Competition Act, with additional “comprehensive legislative reforms” to follow in the coming months. While the federal...more

Dickinson Wright

Canadian Intellectual Property Fees on the Rise in 2024

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On June 1, 2023, the Canadian Intellectual Property Office (CIPO) introduced amendments to fee schedules set out in the Patent Rules, Trademarks Regulations, Industrial Design Regulations, and Copyright Regulations and will...more

Blake, Cassels & Graydon LLP

Les ACVM viennent sceller les règles relatives à la présentation du coût total des fonds d’investiss

Le 20 avril 2023, les Autorités canadiennes en valeurs mobilières (les « ACVM ») et le Conseil canadien des responsables de la réglementation d’assurance ont annoncé des modifications visant à rehausser les obligations...more

Blake, Cassels & Graydon LLP

Régime de droits des passagers aériens : de nouvelles modifications sont en vue

Les aéronefs ne sont pas les seuls à faire l’objet de régulières opérations de maintenance. En effet, en vertu du projet de loi C-47, Loi no 1 d’exécution du budget de 2023, le régime canadien de droits des passagers aériens...more

Blake, Cassels & Graydon LLP

CSA Finalizes Total Cost Reporting Rules for Investment Funds

On April 20, 2023, the Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators announced amendments relating to enhanced cost disclosure reporting requirements for investment funds and new...more

Blake, Cassels & Graydon LLP

Navigating the Proposed Amendments to the Air Passenger Rights Regime

It’s not just aircraft that undergo regular maintenance — Canada’s air passenger rights regime is set for yet another major tune-up with Bill C-47, the Budget Implementation Act, 2023. The new bill proposes several important...more

Smart & Biggar

Health Canada proposes amendments to the Medical Devices Regulations to address future public health emergencies

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Health Canada has proposed amendments to the Medical Devices Regulations (Regulations) that would expand the regulatory framework for COVID-19 medical devices to apply to future public health emergencies...more

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