Canadian Corporate & Securities Lawyer
On December 5, 2013, the Canadian Securities Administrators (the CSA) proposed certain changes to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) and other rules, including a proposal to prohibit exempt market dealers (EMDs) from participating in prospectus offerings (the Proposed Amendments). I was privileged to Chair the Comment Committee […]
By Brian Koscak and Alixe Cormick An offering memorandum (OM) must contain all information material to the investment opportunity to enable an investor to make an informed investment decision. What information is material depends on the specific business and investment opportunity of an issuer. Under Canadian securities laws, an issuer must ensure there is no […]
PRESS RELEASE – On March 3, 2014, a group of companies and individuals dedicated to the developing Equity Crowdfunding industry in Canada, announced that they have come together and established the Equity Crowdfunding Alliance of Canada (ECFA Canada), Canada’s first equity-only Crowdfunding alliance. These companies and individuals, including funding portals through which Equity Crowdfunding is […]
“Well it’s about time!” That’s what Greg Pollock, the President and CEO of Advocis, The Financial Advisors Association of Canada, says about a proposed new bill to regulate financial advisors in Ontario. Bill 157 , proposed by Ontario Liberal MPP Rick Bartolucci, passed first reading on February 18, 2014. Bill 157 defines a “financial advisor” as […]
Proposed Experience Requirement for Chief Compliance Officers of Exempt Market Dealers – PCMA Canada’s Comment Letter
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The Canadian Securities Administrators (the CSA) have proposed certain amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) and other rules (the Proposed Amendments) that includes, adding a new experience component to the proficiency requirement to be a chief compliance officer (CCO) of an exempt market dealer (EMD). Specifically, the […]
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