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Stikeman Elliott LLP

AMF Proposes Amendments to Fee Structure for Market Participants in Québec

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The Autorité des marchés financiers (“AMF”) has published for comment proposed amendments (the “Proposed Amendments”) that are intended to recalibrate and update certain fees, costs and penalties prescribed under the...more

Blake, Cassels & Graydon LLP

Mapping the Intersection of AI and Canadian Law

The evolving field of artificial intelligence (AI) is significantly reshaping various sectors across Canada, prompting a critical evaluation of our legal frameworks. From intellectual property to financial markets, AI...more

Blake, Cassels & Graydon LLP

Éléments clés à surveiller dans le domaine des prêts de capital de risque

Introduction - Les prêts de capital de risque jouent un rôle de premier plan sur le marché canadien du capital de risque, et la taille du marché des prêts de capital de risque continue de croître....more

Blake, Cassels & Graydon LLP

Blakes upRound™ : Février 2025

Dans cette édition - Les prêts de capital de risque continuent d’avoir le vent dans les voiles et de jouer un rôle de premier plan sur le marché canadien du capital de risque....more

Blake, Cassels & Graydon LLP

Key Features to Watch for in Venture Debt

Introduction - Venture debt plays a prominent role in the Canadian venture capital market, and the size of the venture debt market continues to expand. According to the Canadian Venture Capital and Private Equity...more

Ropes & Gray LLP

Dealmaker's Digest: A Top 10 Bulletin - January 2025

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In Dealmaker’s Digest, read the top 10 latest developments in global transactions. We offer insights into M&A activity across industries and borders. Annual global M&A activity in 2024 rebounded significantly from 2023’s...more

Bennett Jones LLP

Ontario Tribunal Refines Public Interest Test in Cease Trade Decision on Shareholder Rights Plans

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On November 19, 2024, the Ontario Capital Markets Tribunal (Tribunal) released its reasons for its July 2024 decision granting an application by Riot Platforms, Inc. (Riot) to cease trade a shareholder rights plan (Plan)...more

Davies Ward Phillips & Vineberg LLP

Making a Profit Is Not Illegal: Capital Markets Tribunal Dismisses Enforcement Proceedings Finding Borrowed Free Trading Shares...

The Ontario Capital Markets Tribunal (Tribunal) recently dismissed enforcement proceedings brought against several respondents by the Ontario Securities Commission (Commission) in Cormark Securities Inc (Re). The Commission...more

Stikeman Elliott LLP

Countdown to T+1: A Shorter Standard Settlement Cycle is Coming Soon

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The standard settlement cycle for certain securities in Canada and the United States will be shortened from trade date plus two business days (“T+2”) to trade date plus one business day (“T+1”) in May 2024. A shorter...more

Stikeman Elliott LLP

The OSC’s Statement of Priorities for 2024-2025: Regulating through Economic and Technological Change

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The Ontario Securities Commission (“OSC”) recently published its proposed Statement of Priorities for 2024-2025 (the “Statement”), outlining the initiatives on which the OSC intends to focus its resources and actions over the...more

Stikeman Elliott LLP

OSC Proposes Fee Increase for Restricted Dealers, Including Crypto Asset Trading Platforms

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The Ontario Securities Commission (“OSC”) recently proposed amendments (the “Proposed Amendments”) to OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees (together, the “Fee Rules”) that would introduce two...more

Stikeman Elliott LLP

OSC Explores Use of AI in Capital Markets

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The Ontario Securities Commission (“OSC”) and Ernst & Young LLP recently published Artificial Intelligence in Capital Markets: Exploring Use Cases in Ontario (the “Report”), which examines current artificial intelligence...more

Stikeman Elliott LLP

OSC Approves Permanent Exemption from Underwriting Conflicts Disclosure Requirements for Foreign Private Placements

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The Ontario Securities Commission (“OSC”) recently made proposed OSC Rule 33-509 Exemption from Underwriting Conflicts Disclosure Requirements (the “Rule”) to provide a permanent exemption in Ontario from the underwriting...more

Stikeman Elliott LLP

OSC Proposes Permanent Exemption for Federal Financial Institutions from Non-GAAP Disclosure Requirements

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The Ontario Securities Commission (“OSC”) recently announced proposed OSC Rule 52-503 Exemption from Disclosure of a Specified Financial Measure (the “Rule”). If approved by the Minister of Finance (the “Minister”), the Rule...more

Stikeman Elliott LLP

OSC Seeks to Extend Relief for Well-known Seasoned Issuers

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On May 18, 2023, the Ontario Securities Commission (OSC) announced OSC Rule 44-502 Extension to Ontario Instrument 44-501 Certain Prospectus Requirements for Well-known Seasoned Issuers (the Rule). The Rule extends the...more

Stikeman Elliott LLP

OSC Enters into MOU with Taiwan FSC

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The Ontario Securities Commission (OSC) recently announced that it has entered into a Memorandum of Understanding (MOU) with the Financial Supervisory Commission (FSC) of Taiwan. The MOU provides for the cooperation and...more

Stikeman Elliott LLP

CSE Makes Significant Changes to Listing Policies and Forms, Including a New “Non-Venture Issuer” Tier

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Following a comment period and further review, CNSX Markets Inc. (the CSE) has received approval from the Ontario and British Columbia securities commissions to implement significant changes to its listing policies and forms....more

Stikeman Elliott LLP

CSA Revisit Short Selling in Canada

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On December 8, 2022, the Canadian Securities Administrators (CSA) published CSA Staff Notice 25-306 Activist Short Selling Update (Staff Notice 25-306) and Joint CSA and IIROC Staff Notice 23-329 Short Selling in...more

Stikeman Elliott LLP

OSC Enters into Cooperation MOU with NYSDFS

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The Ontario Securities Commission (OSC) recently announced that it has entered into a Memorandum of Understanding (MOU) with the New York State Department of Financial Services (NYSDFS) to facilitate cooperation and the...more

Stikeman Elliott LLP

OSC and AMF Enter into Amended MOU with ESMA Regarding Monitoring of Central Counterparties With Recognition Conditions

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On January 13, 2022, the Ontario Securities Commission (OSC) announced that it and Quebec’s Autorité des marchés financiers (AMF) have entered into an amended Memorandum of Understanding (MOU) with the European Securities and...more

Bennett Jones LLP

CSA Proposes a Modernized National Filing System for Reporting Issuers

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On May 2, 2019, the Canadian Securities Administrators (CSA) announced that it is seeking comments in respect of a proposed streamlined and integrated national information and filing system for capital market participants...more

Bennett Jones LLP

Changes Coming to Non-GAAP and Other Financial Measures Disclosures Regime

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On September 6, 2018, the Canadian Securities Administrators (CSA) published a Notice and Request for Comment (the "Notice") regarding Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the...more

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