The Canadian Securities Administration announced an initiative on June 20, 2024, that is intended to support capital-raising by early-stage businesses by allowing exempt market dealers (EMDs) to participate as selling group members in prospectus offerings. The announcement states: EMDs play an important role in assisting start-ups and small to medium-sized businesses raise capital by distributing…
On December 7, 2023, the CSA published a summary of the results from its second annual systemic risk survey. The results of this survey provide the CSA with important information on market participants’ concerns about the stability of the Canadian financial system. The CSA received responses to the survey from 489 Canadian portfolio managers and…
In a recent announcement, the Canadian Securities Administrators (CSA) is adopting a new prospectus exemption for issuers listed on a Canadian stock exchange. The Listed Issuer Financing Exemption will provide issuers with a more efficient way to raise capital by reducing regulatory burden for small offerings while maintaining investor protection. To be eligible for the…