June 30, 2014
On May 22, 2014, the Canadian Securities Administrators (CSA) published for comment proposed rules and rule amendments (the Proposed Amendments) intended to streamline and tailor disclosure required of “venture issuers” – issuers other than issuers with securities listed or quoted on any of the Toronto Stock Exchange, a U.S. marketplace or a marketplace outside of Canada and the United States of America other than the Alternative Investment Market of the London Stock Exchange or the PLUS markets operated by PLUS Markets Group plc.
The Proposed Amendments revise the proposed amendments (the Original Proposals) originally published for comment on September 13, 2012 (see Wildeboer Dellelce LLP Securities Law Update of September 2012). The Original Proposals contemplated establishing a new regulatory regime for venture issuers, but were abandoned by the CSA after commentators expressed concerns that the Original Proposals...
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