Proxy season kicks off April 15, and investors are already lining up to attend the annual shareholder meetings of the companies in which they own stock.
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Along with the announcement on February 25, 2016 of final amendments to Canada's take-over bid regime, the Canadian Securities Administrators (CSA) published the text of final amendments to Canada's Early Warning Regime (EWR), which will take effect on May 9, 2016.
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The Canadian Securities Administrators (CSA) announced today the implementation of amendments that will expand the passport system to allow issuers to file a single application with their principal regulator to cease to be a reporting issuer in all jurisdictions where they have this status. The CSA is also implementing a new rule that will allow the automatic application in multiple jurisdictions of cease trade orders resulting from the failure to file continuous disclosure documents.
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Tips and forms you can use for drafting your proxy statement to increase clarity and avoid pitfalls.
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With the success of the U.S. Securities and Exchange Commission (the "SEC") Dodd-Frank Whistleblower Program as a model, the Ontario Securities Commission (the "OSC") has been developing its own whistleblower program with a targeted implementation of spring 2016.
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The new proposed cooperative system has emerged in the wake of the 2011 Supreme Court of Canada decision which defeated the Canadian government's previous initiative to establish a single national securities regulator.
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The long awaited amendments to the Canadian take-over bid regime and the early warning reporting regime have been introduced. With a 105-day deposit period and a de facto "shareholder vote" on a take-over bid, how has the landscape for take-over defences changed?
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On February 11, 2016, the Toronto Stock Exchange (the "TSX") issued a notice (the "Notice") of Housekeeping Amendments (the "Amendments") to Appendix D - Toronto Stock Exchange Evidence of Security Ownership ("Appendix D") of the TSX Company Manual.
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On February 25, 2016, the Canadian Securities Administrators published final amendments to the rules governing take over bids in Canada that mark the completion of the process to enhance the quality and integrity of Canada's take-over bid regime and rebalance the current dynamics among offerors and boards of directors and security holders of targets.
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The Financial Accounting Standards Board, the body that sets accounting rules, has issued a final rule that changes how companies account for most of their leases.
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