In a recent decision, Kraft (Re) (Kraft), the Ontario Capital Markets Tribunal (the Tribunal) articulated clear guidance with respect to the application of the necessary course of business (NCOB) exception to the prohibition...more
On September 21, 2023, the Canada Securities Administrators (CSA) published a notice and request for comment regarding proposed amendments to National Instrument 44-102—Shelf Distributions (NI 44-102) and other securities law...more
Key Takeaways for All Market Participants In Canada -
- All SEDAR users are required to complete their pre-launch onboarding submissions by April 14, 2023.
- SEDAR+ goes live on June 13, 2023.
- Filers that miss...more
On February 27, 2023, the Toronto Stock Exchange (TSX) published Staff Notice 2023-0001 (the Notice), providing guidance on how TSX addresses voting agreements entered into between a TSX listed issuer and one or more of its...more
The Ontario Securities Commission (OSC) has announced that it will return to its pre-December 7, 2021, service standard timelines and commitments for prospectus reviews effective January 9, 2023, given market changes and...more
The Toronto Stock Exchange (TSX) has adopted housekeeping amendments to -
- Clarify the method to count votes "for" and "withheld" in director elections;
- Clarify the dividend notification requirement for a...more