Capital Markets Capital Markets

The impact of IFRS 16 on bond and loan covenants — five years out

A little more than five years ago, IFRS 16 Leases took effect and rewrote the accounting rules for classifying leases and lease payments in financial...

CIRO publishes proposals to level the advisor compensation playing field

Earlier this year, the Canadian Investment Regulatory Organization published a consultation paper outlining policy options that would help to level...

Ontario Capital Markets Tribunal clarifies considerations for a private placement in the face of an unsolicited takeover bid in Aimia

The OSC has provided helpful guidance in assessing whether a private placement undertaken in the face of a take-over bid is an improper defensive...

PDAC 2024 delivers mixed signals as attendees look for answers to industry challenges

PDAC 2024 kicked off with a strong start with large crowds and a buzz of optimism seeking answers to industry challenges.

OSC settles allegations relating to cryptocurrency tokens

In a first, Ontario’s Capital Markets Tribunal has approved a settlement agreement related to the promotion and sale of cryptocurrency tokens....

CSA publish proposed amendments to Canadian public crypto asset fund rules

On January 18, 2024, the Canadian Securities Administrators published proposed amendments affecting investment funds that seek to invest in crypto...

Section 192 CBCA plans of arrangement – latest insights on virtual securityholder meetings and the solvency requirement

Plans of arrangement are an important, flexible tool for businesses to undertake various corporate transactions. We examine recent developments...

Canadian Securities Administrators implement access model for prospectuses

The Canadian Securities Administrators are implementing an access equals delivery model for prospectus delivery in Canada.

Capital markets enforcement: innovative, and controversial, new directions

There were a number of intersecting trends in the capital markets regulatory and enforcement landscape in 2023. These trends can serve as a window...

CSA releases its first consolidated ‘Year in Review’

A recent Canadian Securities Administrators report tracks the progress provincial and federal regulators have made on their strategic goals. We look...