Canadian Corporate & Securities Lawyer
By Brian Koscak and Michael Brown – Effective as of October 31, 2014, securities legislation in each of Ontario, Québec and Manitoba came into force that requires “local counterparties” which engage in derivative transactions to report certain derivatives transaction data to a designated trade repository. OSC Rule 91-507 Trade Repositories and Derivatives Data Reporting and […]
Good News for Exempt Market Dealers Participating As Selling Group Members in Prospectus Offerings By Brian Koscak and Peter Dunne Back in December 2013, it looked like the Canadian Securities Administrators (CSA) might slam the door on exempt market dealers participating in prospectus offerings. However, recent changes suggest the door is still open. This article […]
De-Mystifying Minimum, Maximum, ‘Keep it All’ and ‘All or Nothing’ Offerings By Brian Koscak and Alixe Cormick Securities regulators and those active in the financial industry seem to have their own secret language. Sometimes it can be difficult for companies and investors to understand what it all means. In this article, we are going to […]
The Ontario Securities Commission (the OSC) recently announced that it has commenced a pre-registration review process for new registrant firms, including exempt market dealers (EMDs), in order to assess compliance with Ontario securities law at the time of registration. Why is the OSC doing this? The OSC wants to ensure firm applicants, such as EMDs, [...]As Chair of the Private Capital Markets Association of Canada (PCMA), I am pleased to have contributed to the preparation and submission of the PCMA’s comment letter to the Canadian Securities Administrators (the CSA) about proposed changes to the accredited investor exemption (theAI exemption) and the minimum amount exemption (the MA exemption) as set out […]
