Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Category Archives: Venture Capital

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The Death of Proposed National Instrument 51-103

Posted in CSA, Securities Regulatory Authorities, Venture Capital
On September 8, 2011 and September 28, 2012, we published two bulletins outlining the CSA’s proposed National Instrument 51-103 Ongoing Governance and Disclosure Requirements for Venture Issues (NI 51-103).  On July 25, 2013, the CSA released CSA Notice 51-340 Update on proposed NI 51-103, in which the CSA reports that after reviewing comments received and… Continue Reading

OSC publishes Suitability Compliance Sweep Results

Posted in OSC, Securities Regulatory Authorities, Venture Capital
On May 30, 2013, the Ontario Securities Commission published its findings for the 2012/2013 focussed review of 87 firms registered in the exempt market dealer and portfolio manager categories.  The focus was on firms’ compliance with their know-your-product, know-your-client and suitability obligations. Findings The more prevalent breaches were found at exempt market dealers (EMDs), which… Continue Reading