Capital Markets Capital Markets

OSC seeks input on priorities for 2021-2022

The Ontario Securities Commission (“OSC”) recently issued its 2021-2022 Draft Statement of Priorities for comment (the “Draft...

Reducing the regulatory burden: Positive changes in corporate and securities law

There were a number of significant developments in the corporate and securities landscape in Canada in 2020 arising from regulatory amendments,...

U.S. securities law developments in 2020

In 2020, the Securities and Exchange Commission (SEC) continued to focus on streamlining and modernizing disclosure requirements and expanding access...

The rules they are a-changin’: Corporate governance developments in 2020

The unprecedented upheaval in the personal and work lives of Canadians and people worldwide resulting from the COVID-19 pandemic has not slowed down...

Novel hybrid debt issuances by Canadian banks

Hybrid debt is debt with embedded equity features that are added to meet requirements imposed by a regulator, rating agency or some other third party...

Evolving capital markets regulatory enforcement

Even prior to the impacts of COVID-19, change was on the horizon for capital markets enforcement in 2020.

Flexibility in the financial market in response to major changes

This year, financial market participants have been subject to many unprecedented changes that have forced them to show a great deal of flexibility....

2020 Legal Year in Review – Introduction

Without a doubt, 2020 has been a year like no other. Inevitably, the COVID-19 pandemic and its effects is a theme that flows through many of the...

IIROC Rules: Respondent use of complainant interview in related proceeding is in the public interest

In Re Malic, 2020 IIROC 37, a decision released on October 6, 2020, the IIROC Hearing Panel (Alberta District) (the “Hearing Panel”)...

Who decides whether responding to summons would violate employment contract? The OSC says ‘not us’

Enforcement Staff of Canadian capital markets regulators have broad powers to compel the attendance of witnesses and to require those witnesses to...