Tag Archives: Canadian Securities Administrators

May 4, 2016

CSA Targets Brokers to Raise Conduct Standards

By Legal Newsletters | BC's Law Firm for Business | Clark Wilson LLP of Clark Wilson LLP

On April 28, 2016, the Canadian Securities Administrators (“CSA”) published CSA Consultation Paper 33-404 (“CP 33-404”) which proposes for discussion regulatory action to hold securities advisors, dealers and representatives (“Advisors”) to a higher standard in dealings with their clients.

Posted in Legal Updates | North America
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April 12, 2016

Exempt Distribution Reports to Require More Information

By Legal Newsletters | BC's Law Firm for Business | Clark Wilson LLP of Clark Wilson

By Bernard Pinsky

Effective June 30, 2016, form 45-106F1 “Report of Exempt Distribution”, required for most securities issuances other than prospectus offerings, will require issuers to disclose more information about the offering and the issuer. This was first reported in Clark Wilson’s Securities Law Update in August 2015.

The Canadian Securities Administrators have added more disclosure to their standard form, bringing it effectively to what has been required in British Columbia alone for the past several years. Once implemented, BC will no longer require an additional form to be filed.

Posted in Legal Updates | North America
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