Saskatchewan and Alberta securities regulators combine forces to increase financing opportunities for small businesses
Start-up crowdfunding is a form of equity funding for small businesses, like any other form of financing available to small businesses looking to raise capital. It is a process by which small businesses are able to raise funds from the...
CSA Releases Results of New Findings and Trends on Women on Boards and in Executive Officer Positions
On October 5, 2017, the securities regulatory authorities in all Canadian provinces and territories, apart from BC and Prince Edward Island, released their third annual review of women serving on boards and in executive officer positions. Their findings were published...
The CSA Weighs in on Cryptocurrency Offerings
With the increasing popularity of blockchain-based digital currencies, many businesses see them as a unique way to raise funds, while investors consider them to be part of a diversified investment portfolio. Recognizing that securities law may, in some circumstances, apply...
The Alberta Investor Tax Credit
Introduction On January 1, 2017, the Investing in a Diversified Alberta Economy Act (the “Act”) came into force. The Act is part of the Alberta Jobs Plan, and its objectives are to boost investment in Alberta’s small and medium-sized businesses,...
The Alberta Securities Commission Advances New Capital-Raising Initiatives for Start-up Businesses
On Friday, July 29, 2016, the Alberta Securities Commission (the “ASC”) announced that it is moving forward with two initiatives designed to facilitate capital-raising for small and medium-sized enterprises. First, the ASC has adopted ASC Rule 45-517 Prospectus Exemption for...
Significant New Proposals for Registrant Obligations Towards Their Clients
Canadian Securities Law News, LexisNexis, No. 269
Significant New Proposals for Registrant Obligations Towards Their Clients
In 2012, the Canadian Securities Administrators (the “CSA”) embarked on a consultation process as to the appropriateness of introducing a statutory best interest duty for registrants when advice is provided to retail investors. Since 2012, various members of the CSA...
Changes to Exempt Market Reporting Announced
The Canadian Securities Administrators (“CSA”) have announced that effective June 30, 2016, all issuers that distribute securities under certain prospectus exemptions will be required to use a new form of report of exempt distribution (the “New Form”). The New Form...
Fundamental Changes to Take-Over Bid Regime Announced
On February 25, 2016, the Canadian Securities Administrators (“CSA”) announced the adoption of National Instrument 62-104 – Take-Over Bids and Issuer Bids (“NI 62-104”). NI 62-104 is fully harmonized and will apply in all provinces and territories of Canada. The...
Canadian Securities Regulators Revamp Early Warning Regime
On February 25, 2016, concurrent with the publication of major changes to the take-over bid regime, the Canadian Securities Administrators (“CSA”) announced significant amendments to the early warning reporting rules. Market participants who take large positions in public issuers, along...
