Amendments will come into force Sept. 8
Rights issue process provides greater scope for what might amount to market abuse, UK regulator says
The new federal disclosure regime governing principal-protected notes was published today in the Canada Gazette.The new regime, which takes effect July 1, updates a disclosure regime that had become outdated as the PPNs became more complex and diverse. “The complexity of such products can make it difficult for retail investors to fully understand the risks, […]
New regulations take effect July 1
Room for improvement in several areas
Notice focuses on issuer disclosure
CICA publication helps businesses and investors assess impact of climate change
Report provides examples of current leading practices in reporting exposures to ABCP
But initiatives need to be harmonized to be effective
Too many firms rely on boilerplate disclosure of information that could affect investors’ decisions, report says