Do the U.S. securities law accommodations through the “foreign private issuer” (FPI) construct benefit the intended entities? That’s the fundamental question that the U.S. Securities and Exchange Commission (SEC) is analyzing...more
7/9/2025
/ Canada ,
Capital Markets ,
China ,
Corporate Governance ,
Disclosure ,
Disclosure Requirements ,
Foreign Private Issuers ,
GAAP ,
Publicly-Traded Companies ,
Regulatory Reform ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
Buried in the National Defense Authorization Act for Fiscal Year 2024, which the U.S. Senate passed earlier this year, is a provision that, if enacted, will eliminate exemptions relied upon by insiders of dual-listed Canadian...more
11/1/2023
/ Canada ,
Disclosure Requirements ,
Disgorgement ,
Electronic Disclosure ,
Foreign Issuers ,
Foreign Private Issuers ,
NDAA ,
Proposed Legislation ,
Reporting Requirements ,
Securities Exchange Act ,
Short Sales ,
Short-Swing Trading
On October 10, 2023, the Securities and Exchange Commission (SEC) adopted final amendments to the rules that govern beneficial ownership reporting and provided guidance on the application of those rules. The SEC also...more
10/25/2023
/ Alberta Securities Commission ,
Amended Rules ,
Beneficial Owner ,
Canadian Securities Administration ,
Derivatives ,
Disclosure Requirements ,
Filing Deadlines ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Shareholder Activism ,
Shareholders
After years of deliberations and delays, the U.S. Securities and Exchange Commission (SEC) adopted final rules on clawbacks in October 2022. The new rules (known as Rule 10D-1) require U.S. national securities exchanges and...more
12/7/2022
/ Clawbacks ,
Compensatory Awards ,
Corporate Officers ,
Disclosure Requirements ,
Executive Compensation ,
Incentive Compensation ,
Reclassification Rules ,
Recovery Plans ,
SAR ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Stock Splits
Davies Governance Insights analyzes the top trends and issues most important to Canadian public companies and provides practical guidance for boards to meet these challenges head on.
...more
9/7/2022
/ Canadian Securities Administration ,
Capital Markets ,
Capital Markets Act (CMA) ,
CBCA ,
Civil Liability ,
Climate Action Plan ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Disclosure Requirements ,
Financial Statements ,
GAAP ,
MD&A Statements ,
Ontario Securities Commission (OSC) ,
Shareholder Oppression