Canada, like other major jurisdictions, has a broad range of economic and financial sanctions targeting foreign states and their nationals, as well as various terrorist organizations....more
The Canadian Securities Administrators (“CSA”) have published final amendments and changes to modernize the continuous disclosure regime for investment funds (collectively, the “Final Amendments”). The Final Amendments...more
Social media influencers with large followings and strong opinions on stocks have caught the attention of Canada's securities regulators. On December 11, 2025, the Canadian Securities Administrators (CSA) and the Canadian...more
The Canadian Securities Administrators (“CSA”) have proposed amendments and changes to National Instrument 81-102 Investment Funds (“NI 81-102”) and its companion policy pertaining to the liquidity risk management (“LRM”) of...more
Institutional Shareholder Services (“ISS”) and Glass Lewis have published their Canadian benchmark policy guidelines for the 2026 proxy season. This year’s updates include clarifying changes to ISS’ guidelines relating to...more
2025 has been an eventful year for Canadian public markets, highlighted by the Canadian Securities Administrators’ (“CSA”) focus on the competitiveness and resiliency of Canadian capital markets, important legislative...more
Each year, the Alberta Securities Commission (ASC) publishes its Corporate Finance Disclosure Report, providing important insights into the ASC’s areas of focus and offering practical guidance to reporting issuers in...more
On October 23, 2025, the Canadian Securities Administrators (“CSA”) released a Notice of Publication and Request for Comment regarding proposed Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for...more
On November 13, 2025, the Canadian Securities Administrators (CSA) published proposed amendments to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (NI 52-112) and changes to related instruments...more
The Canadian Securities Administrators (“CSA”) published for comment proposed amendments (the “Proposed Amendments”) to National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (“NI 52-112”). The Proposed...more
The Canadian Securities Administrators (CSA) have proposed a multi-year pilot initiative to allow eligible venture issuers to voluntarily adopt semi-annual financial reporting. To be eligible, among other criteria, a venture...more
A small selection of public companies in Canada may soon be able to “opt-out” of disclosing financial results on a quarterly basis in favour of a new semi-annual reporting framework. On October 23, 2025, the Canadian...more
Members of the Canadian Securities Administrators (“CSA”), other than British Columbia and Québec, recently published for comment Proposed Multilateral Instrument 45-111 Self-Certified Investor Prospectus Exemption (“MI...more
The Canadian Securities Administrators (“CSA”) published for comment a consultation paper (the “Consultation Paper”) in contemplation of amendments to the investment fund regulatory framework for exchange-traded funds...more
On August 28, 2025, the Canadian Securities Administrators (CSA) published final amendments to National Instrument 44-102 Shelf Distributions (NI 44-102) and certain other instruments and policies (collectively, the...more
The Canadian Securities Administrators (“CSA”) have released the much anticipated final amendments to National Instrument 44-102 Shelf Distributions (“NI 44-102”) as well as consequential changes to other policies to...more
Introduction Le 12 juin 2025, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont annoncé un projet de modification détaillé (le « projet de modification ») visant à moderniser et à simplifier le régime...more
On June 26, 2025, the Canadian Securities Administrators (“CSA”) published their 2025-2028 business plan (the “Plan”), which sets out the priorities that the CSA have committed to pursuing over the next three years....more
The TSX Venture Exchange (TSXV) has announced updates to its policy on escrow and resale restrictions. The immediately effective updates amended and renamed Policy 5.4 – Capital Structure, Escrow and Resale Restrictions (New...more
Organizations are increasingly embedding artificial intelligence (AI) in operations in order to drive efficiency; however, the risks of hallucinated output are being progressively considered by regulators, government bodies,...more
On June 12, 2025, the Canadian Securities Administrators (CSA) formally released a Request for Comment on proposed sweeping changes to National Instrument 43-101, Standards of Disclosure for Mineral Projects, marking the...more
Introduction - On June 12, 2025, the Canadian Securities Administrators (CSA) announced extensive proposed amendments (Proposed Amendments) aimed at modernizing and streamlining Canada’s mining disclosure regime. The...more
The Canadian Securities Administrators (“CSA”) have released several updates in the last year to Canada’s trade reporting regime for over-the-counter (“OTC”) derivatives. In July 2024, all members of the CSA published final...more
The Canadian Securities Administrators (“CSA”) have published for comment proposed amendments to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), Form 43-101F1 Technical Report (“Form...more
Recently, the Canadian Securities Administrators (the umbrella organization of Canada's provincial securities regulators) announced that it would pause the development of certain sustainability reporting initiatives,...more