Capital Markets Capital Markets

Less is more: SEC works to simplify disclosure and other U.S. developments

In March, the SEC took steps to modernize and simplify the disclosure requirements for registration statements and periodic reports, with new rules...

SEC proposes amendments to proxy rules applying to proxy advisory firms

In November 2019, the U.S. Securities and Exchange Commission (SEC) issued proposed amendments to its proxy rules to regulate certain of the...

FINTRAC updates guidance regarding identity verification methods permitted under amendments to anti-money laundering and anti-terrorist financing regulations

Updated FINTRAC guidance on identity verification indicates that reporting entities are expected to use software or other technological tools to...

OSC issues anticipated Report on the Burden Reduction Task Force

The OSC issued its Report on the work of the Burden Reduction Task Force, in which it outlined the work undertaken by the OSC and the Task Force and...

“Testing the waters” before a public offering of securities: Navigating the rules, without getting all wet

Since 2012, the traditional rules have been changing. The ability to test the waters before an IPO is now part of the legal landscape in both the...

SEC issues guidance regarding activities of proxy advisory firms

Last week, the SEC issued guidance that voting advice communications from proxy advisory firms are generally solicitations subject to SEC antifraud...

Listing in the REIN: Cruel and unusual punishment under the Charter?

Does the automatic listing in the Register of enterprises ineligible for public contracts constitute cruel and unusual punishment within the meaning...

OSC Burden Reduction Initiative – Revisiting the 2003 Regulatory Burden Task Force

As the OSC continues to embark on its Burden Reduction Initiative, we think it is a worthwhile exercise to look back at the Commission’s 2003...

Canadian government introduces tax legislation applying to employee stock options granted on or after January 1, 2020

On June 17, 2019, the Canadian government tabled a Notice of Ways and Means Motion with proposed amendments to the Income Tax Act (Canada) to...

OSC adopts pre-filing reviews for mining issuers

On June 6, 2019, the Ontario Securities Commission (OSC) announced by way of Staff Notice the adoption of a pre-filing review regime for mining...