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
Changes address concerns of stakeholders, regulators say
CSA joins forces with Fraud Prevention Forum
Comment period open until April 22
Regulators seeking feedback on three key issues