As a result of continuous disclosure reviews in respect of compliance with forward-looking information (“FLI”) requirements found in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”), the Canadian Securities Administrators (the “CSA”) published guidance on the subject in CSA...
Few lawyers who attended law school in the eighties and nineties can have failed to come across the writings of Richard Posner, surely one of the most energetic and prolific academics ever to have graced a Senior Common Room. In 1981,...
On July 27, 2010, the British Columbia Securities Commission (“BCSC”) issued its full majority reasons for its April 2010 decision to cease-trade the Lions Gate Entertainment Corp. shareholder rights plan (the “SRP”) adopted in response to a hostile bid made...
In earlier issues of this publication, we reported on the Federal Government’s initiative to establish a single national securities regulator for Canada. To summarise what has happened in the last six months, there has been little substantive progress on the issue...
On February 12, 2010, the Alberta Securities Commission published Blanket Order 31-505 Registration Exemption for Trades in Connection with Certain Prospectus-Exempt Distributions, 2010 ABASC 52 (the “Order”). The Order provides limited blanket relief from the requirement to register as an...
Co-Author: Adria Leung (2009/10 Articling Student, Miller Thomson Toronto) The Canadian Securities Administrators recently released Staff Notice 55-315, about the Insider Reporting Requirements and Exemptions contained in National Instrument 55-104 (“NI 55-104”). The notice summarizes a number of important issues relating to...
