CSA announces new exemption for exempt-market securities dealers, enhancing access to capital markets
On June 20, 2024, the Canadian Securities Administrators (“CSA”) introduced Coordinated Blanket Order 31-930 (the “Blanket Order”), representing a significant change aimed at enhancing capital market accessibility for start-ups and small and medium-sized businesses. This initiative aligns with the CSA’s […]
Essential legal due diligence for investing in AI companies: Top tips for investors and legal advisors
Introduction Investment banks and private equity firms are increasingly attracted to the potential of artificial intelligence (“AI”) companies as lucrative investment opportunities. However, the unique and evolving nature of AI technology and developing regulations demands comprehensive due diligence to evaluate […]
A Venture Forward Initiative: Unveiling the TSXV Sandbox
In June 2022, the TSX Venture Exchange (“TSXV” or “Exchange”) launched its Venture Forward initiative, which offers an alternative path for listing non-traditional businesses and adopting innovative transaction structures. Driven by a commitment to modernization and growth, this initiative seeks […]
Navigating the future of prospectus delivery: A closer look at Canada’s new Access Model
Introduction In a significant development, the Canadian Securities Administrators (the “CSA”) unveiled final amendments on January 11, 2024, ushering in a transformative era with respect to the procedure used in Canada for delivering (preliminary and final) prospectuses to investors. Called […]
TSXV Passport Listing Process: A Venture Forward Initiative
On June 14, 2023, the TSX Venture Exchange (“TSXV”) published a comprehensive report setting out four key commitments as part of its Venture Forward initiative aimed at strengthening the public venture landscape in Canada. The impetus for this initiative is […]
EU Artificial Intelligence Act: A groundbreaking agreement shaping the future of AI Regulation
On December 9, 2023, a provisional agreement on the EU Artificial Intelligence Act (“AI Act”) (“Provisional Agreement”) was reached between the Council presidency and the European Parliament. This groundbreaking Regulation aims to ensure the safety of AI systems in the […]
Capital Markets & Securities: 2023 Legal Year in Review
Our Legal Year in Review includes a selection of 18 significant and interesting developments in Canadian securities and capital markets landscape in 2023. The key legal developments that are summarized in this bulletin were important during 2023 and also have […]
Levelling Up: Empowering Canadian Esports through Self-Regulation
Introduction The popularity of electronic sports (“esports”) has been mounting for years, leading to a now captive worldwide audience of 532 million, which is projected to be over 640 million by 2025.[i] In Canada, the gaming industry has enjoyed strong […]
Public company directors and ESG disclosure requirements
In recent years, boards of directors of reporting issuers are becoming increasingly aware of the environmental, social and governance (“ESG”) disclosure requirements imposed by regulators. Within the current landscape, Canadian companies must work to balance their operational needs with environmentally […]
Canadian Securities Administrators create new prospectus exemption to streamline capital raising for listed issuers
On September 8, 2022, the Canadian Securities Administrators announced the adoption of a new prospectus exemption for reporting issuers listed on a Canadian stock exchange that wish to complete a private placement offering without the application of a four month […]
