Tag archives: OSC

Securities laws – you should follow them

By Matthew Literovich (Toronto) on November 13, 2018 Posted in Corporate finance

Raising money is exciting. Complying with securities legislation, however, is not quite as exciting, but it is necessary. It is a pain, at the best of times, and a constant struggle between lawyers, who would like every investor in your company to fill out a fifty page document detailing exactly how risky the investment is, … Continue reading

Deal maker or deal breaker? Information security during M&A

By Troy Ungerman (Toronto) on August 2, 2016 Posted in M&A, Technology and innovation

The Ontario Securities Commission (OSC) recently published its Statement of Priorities for the Financial Year to End March 31, 2017 (the Statement). The Statement unveils a new area which the OSC intends to focus its key resources and actions on – cyber resilience. For many, this does not come as a surprise, particularly given the high-profile … Continue reading

Regulators get serious about cyber-security

By Sara Josselyn (Toronto) on April 13, 2016 Posted in Corporate finance

In a previous post, we discussed how to manage cyber security risks during the negotiation and due diligence stages of an M&A transaction. In this post, we discuss the ways regulatory bodies have begun managing these risks and the significance of these efforts to M&A participants engaging in substantial data asset transfers. On February 18, … Continue reading

“M&A in a “crowded” market: part II

By Sara Josselyn (Toronto) on March 2, 2016 Posted in Corporate finance

Last month in Part I of this series we introduced you to the new equity crowdfunding prospectus exemption and rules regarding Multilateral Instrument 45-108 (the Instrument). As you will no doubt recall, the Instrument provides a means for companies to raise capital from the general public in return for equity in the company without first … Continue reading

M&A in a “Crowded” Market: Part I

By Sara Josselyn (Toronto) on February 17, 2016 Posted in Corporate finance

You’ve probably heard about “crowdfunding” websites like Kickstarter and Indiegogo. On these sites, companies with a great idea that are in need of capital can let the world know about that idea and raise money to bring it to fruition. In exchange for the funds that a user contributes to the crowdfunding campaign, the user … Continue reading

Changes to offering memorandum exemption finalized

By Seemal Patel (Toronto) on November 24, 2015 Posted in Corporate finance

Generally, companies may not distribute securities to investors unless such investors are provided with a prospectus which contains comprehensive disclosure of all material facts related to the company and the securities to be distributed. Companies that are reporting issuers supplement this disclosure by providing periodic and timely disclosure which, together with the prospectus, provides investors … Continue reading

Raising capital for your deal? Changes might be coming

By Troy Ungerman (Toronto) on March 31, 2014 Posted in Corporate finance

The Ontario Securities Commissions (the OSC) has recently published proposals which, if enacted, will facilitate the raising of capital by issuers in the exempt market. On March 20th, the OSC published for a 90-day comment period the following four proposed prospectus exemptions: Offering Memorandum Exemption – Offering memorandum exemptions are currently available elsewhere in Canada. … Continue reading

Ontario Securities Commission publishes proposed disclosure rules regarding women on boards and in senior management

By Sara Josselyn (Toronto) on January 29, 2014 Posted in Governance and directors' liability

The Ontario Securities Commission has published for public comment proposed amendments to its corporate governance disclosure requirements. Check out Norton Rose Fulbright’s legal bulletin on this topic for more information. For additional background, please visit Sara Josselyn’s previous article on this blog. … Continue reading

Disclosure requirements regarding women on boards and in senior management

By Sara Josselyn (Toronto) on October 24, 2013 Posted in Corporate finance, Governance and directors' liability

Earlier this month saw the closing of the comment period for the Ontario Securities Commission’s (OSC) Staff Consultation Paper 58-401 Disclosure Requirements Regarding Women on Boards and in Senior Management. The paper proposes amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices such that TSX-listed companies (excluding venture issuers and investment funds) would have … Continue reading

Leadership changes and other merger developments at the Competition Bureau

By Kevin Ackhurst (Toronto) on July 11, 2012 Posted in Antitrust, competition and regulatory

Dealmakers should take note of several recent significant merger-related developments at the Competition Bureau: Commissioner’s Resignation – The head of the Bureau, Commissioner of Competition Melanie Aitken, announced that she intends to resign in September 2012; New Head of the Mergers Branch – Effective August 7, 2012, there will be a new head of the Mergers Branch, which has … Continue reading