Worldwide: Securities

CNSX Markets Inc. has proposed eliminating the monthly progress report requirement (Form 7) for all Canadian Securities Exchange listed issuers, marking a significant shift from a disclosure practice that dates back over two decades.

The Canadian Securities Administrators have published proposed amendments that would fundamentally alter Canada's takeover bid, issuer bid and early warning reporting regimes. The proposals introduce a new selective repurchase exemption allowing issuers to buy back up to 5% of securities through private transactions, while simultaneously expanding disclosure requirements for derivative-based economic interests and activist shareholder positions. These changes aim to balance greater corporate flexibility...

On March 30, the Québec Financial Markets Tribunal (the QFMT) delivered its ruling on the merits of Autorité des marchés financiers c. Solo international inc. (Solo), a case involving a pump-and-dump scheme whose proceedings date back to 2017. The QFMT’s jurisdiction was challenged all the way to the Supreme Court of Canada, which upheld it in 2023.

The Canadian Securities Administrators (CSA) published a notice and request for comment on a broad package of proposed amendments to Canada’s issuer bid...

On May 14, 2026, the Canadian Securities Administrators (the “CSA”) published proposed amendments and changes to the rules and policies governing the early warning system (the “EWS”), issuer bids (including a new selective repurchase exemption), and take-over bids (collectively, the “Proposed Amendments”)...

After a brief dip in popularity in the Canadian public M&A market, contingent value rights, or CVRs, have seen renewed interest as acquirors and target companies look to bridge gaps on value attributable to a future milestone, asset or performance outcome. CVRs provide target shareholders with a contractual right to receive additional consideration post-closing if specified payment triggers are satisfied during their term; they are used to address circumstances where the parties agree on the base value of a company but disagree on specific (and contingent) drivers of value.

Canada’s pilot project for voluntary semi-annual reporting (SAR) by eligible venture issuers entered into effect last month.

The recent surge in interest in prediction markets has attracted the expected regulatory attention from securities and commodity futures regulators in Canada.

Le 16 avril 2026, dans l’affaire Larouche v. PGM ResidualCo Holdings Inc. (disponible en anglais seulement), la Cour suprême de la Colombie-Britannique (la « CSCB »)...