News & Analysis as of

Canada Disclosure Requirements

Blake, Cassels & Graydon LLP

Les ACVM proposent de moderniser et de simplifier les normes d’information dans le secteur minier canadien

Introduction Le 12 juin 2025, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont annoncé un projet de modification détaillé (le « projet de modification ») visant à moderniser et à simplifier le régime...more

Davies Ward Phillips & Vineberg LLP

Concept Release: Foreign Private Issuers Under the SEC’s Microscope

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

Troutman Pepper Locke

Foreign Private Issuers: Have You Assessed Your Status Under US Securities Laws? (UPDATED)

Troutman Pepper Locke on

For foreign private issuers registered with the U.S. Securities and Exchange Commission (SEC), there are several filing statuses that affect the content of various disclosures that must be made public. Foreign private issuers...more

Bennett Jones LLP

Updated Rules for Mining Disclosure: What the Canadian Securities Administrators Proposed Changes Mean for Industry Participants

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On June 12, 2025, the Canadian Securities Administrators (CSA) formally released a Request for Comment on proposed sweeping changes to National Instrument 43-101, Standards of Disclosure for Mineral Projects, marking the...more

Stikeman Elliott LLP

Streamlining NI 43-101: CSA Propose to Modernize and Overhaul Canada’s Mining Disclosure Regime

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The Canadian Securities Administrators (“CSA”) have published for comment proposed amendments to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), Form 43-101F1 Technical Report (“Form...more

Mintz

Canada Pauses Mandatory Climate Disclosure Rules

Mintz on

Recently, the Canadian Securities Administrators (the umbrella organization of Canada's provincial securities regulators) announced that it would pause the development of certain sustainability reporting initiatives,...more

Davies Ward Phillips & Vineberg LLP

A Strong Signal: AMF Adopts a Policy Supporting Self-Reporting and Cooperation

The Autorité des marchés financiers (AMF), the body responsible for enforcing Québec’s legislation concerning the financial sector, recently adopted a Self-Reporting and Cooperation Policy. The policy, adopted on May 20,...more

Bennett Jones LLP

Updated Rules for Mining Disclosure: What the Canadian Securities Administrators Proposed Changes Mean for Industry Participants

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The Canadian Securities Administrators (CSA) is undertaking a significant overhaul of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (the Instrument), Form 43-101F1 – Technical Report (the Form) and...more

Cozen O'Connor

Complying with Canada’s Modern Slavery Reporting Requirements

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If you do business in Canada, you may need to file annual reports about your efforts to prevent and reduce the risk that forced or child labour is used at any step of the production of goods that you sell. The deadline to...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

AI in Job Postings: What Employers in Canada Need to Know

Artificial intelligence (AI) is rapidly changing the hiring landscape. Whether scanning resumes with machine learning tools or ranking candidates based on predictive models, employers in Canada may now want to ensure...more

Davies Ward Phillips & Vineberg LLP

Canadian Securities Regulators Boost Capital-Raising Capacity Under LIFE Exemption

The Canadian securities regulators have implemented blanket orders increasing the capital-raising limit under the listed issuer financing exemption (the LIFE Exemption), which permits qualified issuers to offer equity...more

Blake, Cassels & Graydon LLP

Les ACVM suspendent leurs initiatives sur l’information liée au changement climatique et à la diversité

Le 23 avril 2025, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont annoncé qu’elles suspendaient les travaux qu’elles avaient entrepris pour élaborer ou renforcer certains règlements sur la communication de...more

Cozen O'Connor

Canadian Securities Administrators Announces Changes to the Listed Issuer Financing Exemption

Cozen O'Connor on

Effective May 15, 2025, the Canadian Securities Administrators (CSA) is increasing the limit on capital-raising under the listed issuer financing exemption. This amendment aims to improve the competitiveness of Canada’s...more

Blake, Cassels & Graydon LLP

Protection de la vie privée au Canada : Nouvel outil d’autoévaluation des risques d’atteinte à la vie privée

Le 26 mars 2025, le Commissariat à la protection de la vie privée du Canada (le « CPVP ») a déployé, à l’intention des organisations, un outil d’autoévaluation du risque réel de préjudice grave à la vie privée (l’« outil »)....more

Blake, Cassels & Graydon LLP

Privacy Commissioner of Canada Releases Privacy Breach Risk Assessment Tool

On March 26, 2025, the Office of the Privacy Commissioner of Canada (OPC) released a privacy breach real risk of significant harm assessment tool (Tool) for organizations....more

Bennett Jones LLP

CSA Announces Pause on Climate-Related and Diversity-Related Disclosure Projects in Response to Global Market Uncertainty

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The Canadian Securities Administrators (CSA) has announced a pause to its work on developing new mandatory climate-related disclosures and amending diversity-related disclosure requirements, in light of recent significant...more

Davies Ward Phillips & Vineberg LLP

Disclosure Interrupted: CSA Pauses Climate and Diversity Disclosure Rules

The Canadian Securities Administrators (CSA) is pausing its work on climate-related and diversity-related disclosure rules in order “to support Canadian markets and issuers as they adapt to the recent developments in the U.S....more

Blake, Cassels & Graydon LLP

CSA Blanket Orders Aim to Warm Up Canadian Capital Markets

Amid continuing market uncertainty that has seen a slowdown of Canadian initial public offerings (IPOs) during the first quarter of 2025, the Canadian Securities Administrators (CSA) has published a series of coordinated...more

Stikeman Elliott LLP

CSA Announce Measures to Support Canadian Markets and Issuers

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The Canadian Securities Administrators (“CSA”) recently announced measures to support the competitiveness of Canadian capital markets in response to the current uncertainty in global markets. The measures are being...more

Bennett Jones LLP

Canadian Securities Regulators Take Further Incremental Steps to Promote Access to Capital Markets

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Against the current backdrop of global market uncertainty, on April 17, 2025, the Canadian Securities Administrators (CSA) announced new incremental measures aimed at reducing regulatory burden for reporting issuers,...more

Davies Ward Phillips & Vineberg LLP

Securities Regulators Reduce Friction for Capital Raising with Incremental Changes to Prospectus Rules

Canadian securities regulators recently implemented three blanket orders introducing exemptions intended to reduce friction for capital raising. Key among these improvements is an exemption that eliminates the requirement for...more

Blake, Cassels & Graydon LLP

Fusions et acquisitions au Canada : Foire aux questions sur les F&A de sociétés ouvertes

Notre brochure Foire aux questions répond aux questions courantes au sujet de la réglementation des F&A de sociétés ouvertes. Cette ressource complète traite de sujets clés et contient de l’information essentielle pour vous...more

Stikeman Elliott LLP

Minor Updates, Major Message? The Competition Bureau Clarifies Guidance on “Made in Canada” and “Product of Canada” Claims

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The Competition Bureau recently updated its Enforcement Guidelines for “Made in Canada” and “Product of Canada” claims, clarifying its approach to non-food products and highlighting new opportunities for private enforcement...more

Stikeman Elliott LLP

TSX Proposes Amendments to Original Listing Requirements

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The Toronto Stock Exchange (“TSX”) has published for comment proposed amendments (the “Proposed Amendments”) to Part III - Original Listing Requirements and Part V - Special Requirements for Non-Exempt Issuers (“Part V”) of...more

Davies Ward Phillips & Vineberg LLP

Consultation on Proposed Guidelines on Environmental Claims and the Competition Act

While ensuring accurate environmental claims is a laudable goal, unclear standards risk deterring businesses from informing the public of their efforts to achieve environmental goals. Ultimately, if businesses are deterred...more

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