Currently, post-trade reports have to be filed by issuers or underwriters with Canadian securities regulators following certain exempt distributions made in reliance on prospectus exemptions such as the accredited investor exemption. Effective June 30, the Canadian Securities Administrators (CSA) are significantly increasing the information that must be reported in a new pan-Canadian post-trade report to be filed after a private placement is made in Canada.
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Members of the Canadian Securities Administrators (CSA), except for the British Columbia Securities Commission and the Ontario Securities Commission, have published guidance related to amendments to National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR) and Multilateral Instrument 13-102 System Fees for SEDAR and NRD.
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The Canadian Securities Administrators (CSA) have published a final report on their review of the Canadian proxy voting infrastructure and are seeking comments on proposed voting protocols for improving the processes involved in the tabulation of proxy voting in Canada. Staff Notice 54-304 Final Report on Review of the Proxy Voting Infrastructure and Request for Comments on Proposed Meeting Vote Reconciliation Protocols (the Notice) proposes protocols that are intended to enhance the accuracy, reliability and accountability of proxy voting by setting out clear roles and responsibilities for key participants at each stage of meeting vote reconciliation and to outline the operational processes that each key participant should implement.
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In the five months since the federal Liberal government took office, it has remained largely silent on the future of the cooperative capital markets regulatory system (Cooperative System), even as Alberta and Quebec maintain their opposition. The federal government’s silence is increasingly prompting questions about whether it will continue to work with participating provinces and territories to implement the Cooperative System.
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Latest IR Magazine research gathers opinion on the best use for excess corporate cash.
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Some corporate boards are sharing with stockholders the matrices they use to evaluate themselves, an attorney from EMC Corp. said April 11.
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The Securities and Exchange Commission formally asked for input April 13 on its company disclosure regulations, part of its overall plan to review and update its disclosure regime.
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Effective June 30, 2016, form 45-106F1 “Report of Exempt Distribution”, required for most securities issuances other than prospectus offerings, will require issuers to disclose more information about the offering and the issuer.
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BlackRock, Vanguard and other big institutional investors own roughly 70% of the public stock market, according to some reports. People are starting to ask whether this allows companies - now having the same owners - to compete less and raise prices.
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