Sept. 18, 2020 - This article was originally published by the American Bar Association’s Business Law Today and is reproduced with permission. Since June 5, 2019, the date on which the Securities and Exchange Commission (the SEC) published its interpretation regarding the standard of conduct for...
Multijurisdictional Disclosure System: Offering Securities and Reporting in the United States Using MJDS
The multijurisdictional disclosure system (MJDS) permits eligible Canadian issuers to publicly offer securities in the United States by using a prospectus that is prepared principally in accordance with Canadian disclosure requirements. The MJDS also enables these issuers to substantially satisfy their reporting obligations by using their Canadian continuous disclosure documents under the cover of the applicable MJDS form. As a leading adviser on matters relating to the MJDS, Davies has updated this informative guide, which provides the reader with a general insight into offering securities and reporting in the United States using the MJDS. Topics addressed include the following:
- The preparation and filing of offering documents
- The types of offerings and the applicable forms
- The review and clearance of the offering documents by the applicable securities regulator
- Other U.S. regulation of MJDS offerings
- Annual and periodic U.S. reporting obligations for MJDS filers
Sept. 09, 2020 - Davies has submitted a comprehensive comment letter to the Capital Markets Modernization Taskforce (Taskforce) in response to the consultation report published by the Taskforce on July 9, 2020 (Report). The Taskforce was formed by the Ontario government in February 2020 with a mandate to review...