Capital Markets Capital Markets

Evolving capital markets regulatory enforcement

Even prior to the impacts of COVID-19, change was on the horizon for capital markets enforcement in 2020.

Flexibility in the financial market in response to major changes

This year, financial market participants have been subject to many unprecedented changes that have forced them to show a great deal of flexibility....

2020 Legal Year in Review – Introduction

Without a doubt, 2020 has been a year like no other. Inevitably, the COVID-19 pandemic and its effects is a theme that flows through many of the...

IIROC Rules: Respondent use of complainant interview in related proceeding is in the public interest

In Re Malic, 2020 IIROC 37, a decision released on October 6, 2020, the IIROC Hearing Panel (Alberta District) (the “Hearing Panel”)...

Who decides whether responding to summons would violate employment contract? The OSC says ‘not us’

Enforcement Staff of Canadian capital markets regulators have broad powers to compel the attendance of witnesses and to require those witnesses to...

Osler comments on Capital Markets Modernization Taskforce consultation report

On September 7, 2020, in a comprehensive letter to the Government of Ontario Capital Markets Modernization Taskforce, we expressed our views on the...

SEC expands ‘accredited investor’ and ‘qualified institutional buyer’ definitions to broaden investor access to U.S. private placements

The SEC has issued final rules amending the definitions of “accredited investor” in Regulation D under the U.S. Securities Act of 1933 (the U.S....

DOJ Opinion Procedure Release offers guidance for contracting with public bodies

Guidance from law enforcement and regulators on their priorities and expectations is a valuable tool for managing risk for businesses and...

SEC finalizes amendments to proxy rules applying to proxy advisory firms

The U.S. Securities and Exchange Commission recently issued final amendments to its proxy rules to regulate certain activities of proxy voting advice...

IIROC and MFDA each offer proposals with competing visions for the future of SROs in Canada

Canada is one of the few major jurisdictions to utilize self-regulatory organizations (“SROs”) in its capital markets regulatory regime....