Canada: Corporate and Company Law

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Article
At The Crossroads: Proposed Amendments Regarding Insider Reporting Requirements
Earlier this spring, the Canadian Securities Administrators (CSA) proposed amendments to certain exemptions from insider reporting found in National Instrument 55-104 Insider Reporting Requirements and Exemptions (NI 55-104). The amendments are intended to clarify that the insider reporting regime applies to certain transactions involving investment funds and structured products, like structured notes and Canadian Depositary Receipts, that are based on securities of a reporting issuer.
Canada Commercial
BL
Borden Ladner Gervais LLP
Article
Sortir En Lion : Guide Du Vendeur Pour Les Enchères Dans Le Cadre De F&A De Sociétés Fermées
Les vendeurs ont recours aux enchères pour créer une dynamique concurrentielle afin d’obtenir une valeur plus élevée, de meilleures conditions et une plus grande certitude que l’opération aura bel et bien lieu. Le contrôle qu’exercent les vendeurs sur le calendrier et le déroulement du processus d’enchères leur permet de planifier et de mettre en œuvre une stratégie adaptée à la cible et au marché.
Canada Commercial
FF
Fasken (French)
Article
CSA Finalizes Amendments To Implement Access Model For Continuous Disclosure Documents Of Non-Investment Fund Reporting Issuers
On June 25, 2026, the Canadian Securities Administrators (CSA) published in final form amendments to National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and National Instrument 54-101 Communication With Beneficial Owners of Securities of a Reporting Issuer and changes to related companion policies (collectively, the Final Amendments). The Final Amendments will implement an access model (Access Model) for annual financial statements, interim financial reports and related management’s discussion and analysis (MD&A) of non-investment fund reporting issuers (collectively, CD documents).
Canada Commercial
BC
Blake, Cassels & Graydon LLP
Article
From Buybacks To Enhanced Disclosure: Canadian Securities Administrators Signal A Shift In Regulation
The Canadian Securities Administrators have proposed sweeping changes to securities law that would introduce selective buybacks, enhance disclosure requirements for equity equivalent derivatives, and update the early warning system. These amendments aim to provide issuers with greater flexibility while improving transparency and reducing regulatory burden across issuer bid, takeover bid, and ownership reporting regimes.
Canada Commercial
BL
Borden Ladner Gervais LLP
Article
A New Era For Continuous Disclosure: CSA Finalizes Access Model For Non-investment Fund Reporting Issuers
The Canadian Securities Administrators have finalized an optional access model that allows non-investment fund reporting issuers to provide annual and interim financial statements and MD&A electronically through SEDAR+ rather than delivering physical copies. This new framework, effective September 22, 2026, introduces specific conditions including news release requirements, website posting obligations, and annual reminders to securityholders, while preserving investors' ability to request paper copies and m
Canada Commercial
D
Dentons Canada LLP
Article
Starting A Nonprofit In Saskatchewan? Federal Or Provincial – It Is More Complicated Than You Think
Incorporating a nonprofit in Canada requires navigating complex decisions between federal and provincial frameworks, each with distinct governance rules, reporting obligations, and structural implications. Many founders mistakenly believe federal incorporation automatically covers all provinces, overlooking critical extra-provincial registration requirements that can leave organizations operating out of compliance.
Canada Commercial
ML
McKercher LLP
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