Change to Proposed Trade Settlement Dates

Canadian Securities Administrators staff have responded favourably to industry comments on the previously proposed move to match trades by 9PM Eastern time on the trade date. Staff will now propose to their respective regulators that the trade-matching deadline be 3.59AM on T+1. The change to both the trade-matching deadline and settlement is expected to be […]

Amendments to National Instrument 45-106 on March 8, 2023

On March the 8th we celebrated International Women’s Day. And on that same day, amendments to national instrument 45-106 came into effect. Those amendments require more disclosure than before from real estate issuers and what are now called collective investment vehicles. The form of offering memorandum for non qualifying issuers was also amended and contains […]

Prospectus exemption

Are you an investor who’s been burned after giving money to a “sure thing”? Perhaps you’re a company with a great business idea and all you need is the financing to get things off the ground—what securities law calls an issuer. Maybe you’re someone who can introduce qualified investors to well-researched issuers, so everybody wins. […]