Business Law and Corporate Law

On May 14, 2026, the Canadian Securities Administrators (CSA) opened a 90-day comment period for a series of proposed amendments and changes to the issuer bid, take-over bid and beneficial ownership reporting regimes. The proposed amendments and changes to National Instrument 62-104 – Take-Over Bids and Issuer Bids would, among other things, introduce a new issuer bid exemption to allow selective repurchases by an issuer of securities of its own issue, subject to certain parameters (Proposed New Issuer Bid Exemption).