By Daniel Seleanu in Toronto
ONTARIO, June 28 (Thomson Reuters Accelus) - The Ontario Securities Commission has launched a review of its prospectus-exempt distribution framework, following industry calls to open the exempt market to more investors. The review will look for inspiration to this year’s U.S. JOBS Act legislation on small-business capital raising, the commission said. (more…)
By John Mackie
CANADA, March 8 (Business Law Currents) – With the Supreme Court of Canada having put an end to the notion of a national securities regulator this past December, securities regulation and enforcement remain matters of provincial and territorial jurisdiction, at least for the time being. In the wake of that decision, several reports have recently been issued regarding enforcement activities by provincial regulators. (more…)
By John Mackie
TORONTO, Aug. 23 (Business Law Currents) For institutions, regulators and investors, executives who wear two hats, such as CEO and chairman, are in an inherent conflict of interest. The situation is complicated further when roles are shared, such as in cases of co-chairs or co-CEOs.
One company that has been the center of this ongoing debate in Canada is Waterloo-based Research in Motion (RIM). In RIM’s case, the complexity is taken to an extreme, with co-CEOs who are also co-chairs. (more…)
