The Ontario Securities Commission (“OSC”) announced the formation of a new OSC LaunchPad Long-Term Asset Fund Project (the “Project”) as part of an update on its proposed framework (the “Proposal”) to facilitate retail...more
Under Canadian securities law, the requirement to register as a dealer is triggered by trading securities for a business purpose. One of the uncertainties under the “business trigger” test and associated guidance is whether...more
The Canadian Securities Administrators (“CSA”) have published for comment amendments and changes to the principal distributor model in the distribution of mutual fund securities (collectively, the “Proposed Amendments”). The...more
The Ontario Securities Commission (“OSC”) published for comment a proposed framework (the “Proposal”) to facilitate retail investment in illiquid Long-Term Assets (as defined below) through a new type of prospectus-qualified...more
The securities regulators in Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan have published a temporary exemption that allows exempt market dealers (“EMDs”) to participate in prospectus...more
One of the grey areas for real estate development, private equity and venture capital firms (“sponsors”) that serially launch new funds is how frequently a sponsor can come to market with a new fund offering without hitting...more
4/22/2024
/ Business Development ,
Canada ,
Canadian Securities Administration ,
Capital Markets ,
Investment Adviser ,
Issuer Exemption ,
Limited Partnerships ,
Ontario Securities Commission (OSC) ,
Private Equity ,
Private Equity Funds ,
Real Estate Development ,
Securities Regulation ,
Securities Transactions ,
Triggering Event ,
Venture Capital
The Ontario Securities Commission (“OSC”) recently released its annual Summary Report for Dealers, Advisers and Investment Fund Managers (the “Report”), prepared by the Compliance and Registrant Regulation Branch, for the...more
1 Regulatory Framework -
1.1 What legislation governs the establishment and operation of Alternative Investment Funds?
In Canada, the term “alternative investment fund” or AIF is not a term of art. Canadian...more
The Canadian Securities Administrators (“CSA”) and the Canadian Council of Insurance Regulators (“CCIR”) have published enhanced cost disclosure reporting requirements for investment funds, excluding private funds and...more
Canadian Securities Administrators (CSA) issue a request for comments on draft documents related to the proposed amalgamation of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers...more
6/7/2022
/ Canada ,
Canadian Securities Administration ,
Capital Markets ,
Comment Period ,
IIROC ,
Investor Protection ,
Mutual Funds ,
Regulatory Agenda ,
Regulatory Reform ,
Securities Regulation ,
Self-Regulatory Organizations
Final amendments to National Instrument 33-109 Registration Information (NI 33-109) and related instruments (the Final Amendments) clarify outside activity reporting requirements, among other things. The Ontario Securities...more