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COVID-19: Capital markets and securities update
As the COVID-19 outbreak continues to affect the global economy, Canadian reporting issuers are encouraged to stay mindful of resulting changes to the regulatory landscape. This update canvasses recent developments and provides an update to our last COVID-19 related issue...
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COVID-19: Canadian capital markets & securities considerations
Introduction On January 30, 2020, the World Health Organization (“WHO”) declared the COVID-19 strain of coronaviruses (“COVID-19”) a public health emergency. The outbreak was officially classified as a pandemic by the WHO on March 11, 2020. Given the significant impact...
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A real and substantial connection? Saskatchewan Court of Appeal affirms the jurisdictional question for securities regulators
The law has long recognized the geographic limits of governments’ legislative powers. For example, Canada is unable to pass laws which apply in the United States. In Canada, a similar recognition applies amongst Canadian provinces: Saskatchewan does not have the...
Bras de fer cryptomonétaire entre Telegram et la SEC
Après avoir montré les dents en portant plainte contre Kik (voir notre article à ce sujet), la Securities and Exchange Commission (« SEC ») poursuit sa démonstration de force dans le secteur de la cryptomonnaie. Le 11 octobre 2019, elle a déposé une plainte...
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Bruno Caron quoted in article on diversity disclosure obligations in Canada
Activistmonitor, "Diversity disclosure obligations for Canadian firms to expand in 2020"
The Canadian Business Corporation Act (CBCA) starting 1 January 2020 will expand diversity disclosure obligations for Canadian corporations to include data on Aboriginal people, persons with disabilities and visible minorities, in addition to requiring such disclosures from venture issuers for...
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OSC Orders Approval of Prospectus for Canada’s First Bitcoin Investment Fund
Overview In a ground-breaking decision, the Ontario Securities Commission (“OSC”) overturned the decision of the Acting Director of the Investment Funds & Structured Products Branch of the OSC (“IFSP”) to refuse to issue a receipt for the establishment of the...
Présentation de renseignements par les émetteurs émergents : révolution ou évolution?
En juin dernier, la Loi canadienne sur les sociétés par actions (LCSA) a été modifiée afin de clarifier la portée du devoir des administrateurs et des dirigeants d’agir au mieux des intérêts de la société. D’autres changements qui entrent en...
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CSA Releases Results of New Findings and Trends on Women on Boards and in Executive Officer Positions
On October 2, 2019, the securities regulatory authorities in Alberta, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan released their fifth annual review of women serving on boards and in executive officer positions. Their findings were published in the...
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David versus Goliath 2.0: Canadian Company Takes a Kick at the Sec in the Fight for Crypto Guidance
With the 2019 rebound in the price of Bitcoin and the hearings surrounding Facebook’s Libra cryptocurrency project, there’s a lot of renewed buzz around digital assets. This level of enthusiasm also means that regulators are circling the waters, looking for...
Êtes-vous prêts pour une divulgation écoresponsable?
Le 1er août 2019, le personnel des autorités canadiennes en valeurs mobilières (ACVM) a publié un avis concernant les principes et règles qui gouvernent la divulgation d’information sur les risques liés aux changements climatiques (Avis 51-358 du personnel des ACVM...
