British Columbia Securities Commission 2014 Annual Compliance Report Card

British Columbia Securities Commission Report

Exempt Market Dealers Beware! Get Ready Before the Regulators Come Knocking! In May 2014, the British Columbia Securities Commission (the BCSC) published its 2014 Annual Compliance Report Card (the Report Card). The Report Card summarized certain compliance deficiencies that were identified by the BCSC at BC-based portfolio managers, investment fund managers and exempt market dealers (EMDs) […]

Remarks by Howard Wetston Chair, Ontario Securities Commission Private Capital Markets Association Annual Conference June 2, 2014

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On June 2, 2014, the Private Capital Markets Association of Canada (the PCMA) held its 2014 Annual Conference at the Board of Trade in Toronto, Ontario.  There were over 320 attendees at a sold out event. As Chairman of the PCMA, I had the distinct honour and pleasure of introducing our keynote speaker, The Honourable Howard […]

Crowdfunding Experts Interview with Brian Koscak, Co-Chair ECFA Canada

By Brian Koscak - On May 29, 2014, I attended and spoke at a full-day conference held by the Equity Crowdfunding Alliance of Canada (the ECFA) in Vancouver, British Columbia. I was interviewed by Sydney Armani, Founder of Crowdfundbeat during the conference to discuss ECFA’s cross country tour on equity crowdfunding including highlights from the Vancouver event. [...]

Infographic – 13 Key Statistics on the Offering Memorandum Exemption in Alberta

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On March 20, 2014, the Alberta Securities Commission (the ASC) published statistics about the use of the offering memorandum exemption in s. 2.9 of National Instrument 45-106  Prospectus and Registration Exemptions (the OM Exemption) for the Province of Alberta.This provides useful data, albeit Alberta-only data. The key statistics below are taken directly from Annex B Background – Local Experience with […]

Maybe You Can’t Crowdfund! Only Certain Types of Issuers Can Do Equity Crowdfunding in Canada

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Not every type of issuer can raise capital under the existing and proposed Equity Crowdfunding exemptions in Canada. This article discusses the availability of certain proposed and existing Equity Crowdfunding exemptions in Canada for issuers looking to raise capital and the published rationale by certain participating Canadian Securities Administrators (CSA) where such exemptions are proposed […]