This article examines proposed amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) that provides additional guidance to clarify when, and if, a start-up or early stage issuer including, a technology or mining issuer, has to register as a dealer under NI 31-103. A start-up or early stage issuer that […]
When Do Start-Ups Have to Register as a Dealer in Canada – Proposed Amendments to NI 31-103
December 29, 2013 by 1 Comment
The Underwriting Trilogy – Part I – What is a “Best Efforts” Underwriting?
December 27, 2013 by 1 Comment
The term “underwriting” is a technical securities law term that means a process whereby a dealer has been engaged by an issuer to raise capital from investors in connection with a particular offering. Generally, there are three types of underwriting models in Canada: (a) a “best efforts” underwriting; (b) a “bought deal” underwriting; and (c) […]
OBSI – Mandatory ADR for All Canadian Securities Registrants – Coming May 1, 2014
December 26, 2013 by 1 Comment
Effective May 1, 2014 (the Effective Date), the Canadian Securities Administrators (the CSA) has announced that the Ombudsman for Banking Services and Investments (OBSI) will become the independent and common dispute resolution and mediation service provider that will be required to be used by all registered firms under NI 31-103[1] in all jurisdictions in Canada, […]
