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