Key Legal Issues In The Canadian Securities Industry

Describes and analyses the principal features of securities regulation in Canada, with emphasis on the provincial securities acts and the administrative agencies responsible for these acts. Deals with licences, continuous disclosure, insider trading, take-over bids, regulation of trade generally, and enforcement.

"Canadian securities law consists of an enduring core of fundamental principles that are refined, and sometimes shrouded, by a complex and constantly evolving body of technical details. This third edition, written by Christopher Nicholls -- one of Canada's foremost corporate and securities law experts -- provides a solid grounding in the core securities law principles and helps the reader navigate the complex labyrinth of modern securities regulation. Securities Law surveys the essential building blocks of securities regulation: basic definitions, the public and exempt markets for securities, insider trading, continuous disclosure, enforcement, regulation of dealers and other securities industry professionals, and take-over and issuer bids. Discussion of these subjects is interwoven with thoughtful consideration of larger public policy issues. This book also explores the history of securities regulation and several recent topics, including, among others, the stalled initiatives aimed at trying to create a national cooperative capital market regulatory system in Canada; developments affecting dealers including the recent proposed consolidation of Canada's two national securities industry self-regulatory organizations; impact of the 2021 Capital Markets Modernization Taskforce Report; changes introduced in Ontario by the Securities Commission Act, 2021; and the ongoing challenges posed by increasing shareholder activism and technological advances, including the regulatory challenges posed by cryptocurrencies and other digital assets."--

In this volume the authors have been able to summarize the thrust of themajor reviews that government and the Ontario Securities Commission haveundertaken. It includes Ontario's reform proposals in response to issuesrelating to irreversible trends toward global capital markets and the appearance of new financial instruments and new players which are forcingthe reshaping of national legal and regulatory frameworks within which thesecurities industry operates.