Securities Practice Notes

Real time quotes at the stock exchange

December 2014

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Alberta’s Bill 5, the Securities Amendment Act, 2014, Receives Royal Assent

Rhea Solis

On December 17, 2014, Alberta’s Bill 5, the Securities Amendment Act, 2014, received Royal Assent.  Bill 5 makes both technical and housekeeping amendments to Alberta’s Securities Act and consequential amendments to Alberta’s Cooperatives Act and Business Corporations Act.  The notable...

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Further Changes to Ontario’s Prospectus Exemptions

On November 27, 2014, the Ontario Securities Commission (“OSC”) published its Notice of Amendments to OSC Rule 45-501 Ontario Prospectus and Registration Exemptions approving a new prospectus exemption (the “Exemption”) expected to come into force, provided Ministerial approval is obtained,...

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Rethinking the Rights Offering: Proposed Amendments to the Current Prospectus Exemption

A rights offering is a seldom-used means of raising capital, the current requirements of which make it wholly impractical. Under a rights offering, an issuer distributes rights to an issuer’s existing security holders. The rights entitle holders to purchase additional...

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