This paper considers Canadian provincial securities legislation in respect of issuer bids. Particular attention is paid to the exemption that permits issuers to repurchase securities by private agreement without making an offer to all holders and offshore selective buy-backs (where the shareholder with whom the issuer proposes to deal on a selective basis is outside the jurisdiction).
A Strong Signal: AMF Adopts a Policy Supporting Self-Reporting and Cooperation
June 04, 2025 - The Autorité des marchés financiers (AMF), the body responsible for enforcing Québec’s legislation concerning the financial sector, recently adopted a Self-Reporting and Cooperation Policy. The policy, adopted on May 20, 2025, encourages individuals and corporations that have contravened a law...
Canadian Securities Regulators Boost Capital-Raising Capacity Under LIFE Exemption
May 21, 2025 - What’s Different Now? The Canadian securities regulators have implemented blanket orders increasing the capital-raising limit under the listed issuer financing exemption (the LIFE Exemption), which permits qualified issuers to offer equity securities without a prospectus. A listed issuer may...
