The Canadian Securities Administrators has made a series of rule amendments that make it easier for dissident shareholders to solicit proxies.Amendments have been made to corporate law in the past few years, which permit a dissident shareholder to solicit proxies without preparing and sending an information circular to shareholders if the solicitation is conveyed by […]
New rule expected to take effect on Dec. 15
Calls on CSA to keep U.S. GAAP option open to Canadian-based SEC registrants
42% jump in number of youth registered to win scholarships
Concern that the markets may not be ready to meet the new matching requirements
Although the proposal promises sweeping changes, a couple of the industry’s major complaints have not been addressed
The Canadian Securities Administrators (CSA) announced today they are seeking comments on proposed National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.The CSA says NP 12-203 modernizes, harmonizes and streamlines existing ractices relating to cease trade orders (CTOs) and provides guidance for issuers on when regulators will issue a general CTO or a management […]
New rule will make it easier to distribute securities across Canada, CSA says
Simplified procedure available in several provinces
Despite the CSA’s introduction of a national disclosure regime after Bre-X, investors find it provides little protection