Recent developments include the implementation of amendments to the TSX Venture Exchange’s (the “TSX-V” or the “Exchange“) policies dealing with private placements, loan bonuses and finder’s fees, and the Ontario Securities Commission’s (the “OSC“) adoption of new prospectus exemptions and changes to two specific prospectus exemptions. The OSC has also launched an online collection of compliance and regulation guidance. Women on boards continues to be a hot topic, with Canadian Securities Administrators (the “CSA“) members adopting new disclosure requirements. New guidance is available from IIROC on underwriter due diligence, and finally, the Federal government has just announced two tax proposals that will benefit the Canadian resource sector.
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