Canadian Corporate & Securities Lawyer
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, [...]
In Canada, an issuer does not have to provide an investor with a prospectus if an investor purchases, as principal, a security of a single issuer and pays $150,000 or more in cash at the time of the investment. This is a simple prospectus exemption that is based on a minimum investment amount (the MA […]
Disclaimer This blog is not intended to create, and does not create an attorney-client relationship. You should not act or rely on information on this blog post without first seeking the advice of a lawyer. This material is intended for general information purposes only and does not constitute legal advice. For legal issues that arise, […]
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 […]
