Canadian Securities Matters - Q2 2024

This edition provides a summary of newly effective and forthcoming regulatory matters in Canada in the quarter ended June 30, 2024.

Canadian securities: New guidance

• Amendments to the Rules, Operations Manual and Risk Manual of the Canadian Derivatives Clearing Corporation to move to T+1 Settlement
• Ontario Instrument 32-508 Not-For-Profit Angel Investor Group Registration Exemption (Interim Class Order); Ontario Instrument 32-509 Early-Stage Business Registration Exemption (Interim Class Order); Ontario Instrument 45-509 Report of Distributions under the Self-Certified Investor Prospectus Exemption (Interim Class Order)
• OSC Rule 51-506  - Extension in Ontario to CSA Blanket Order 51-930 Exemption from the Director Election Form of Proxy Requirement
• Amendments to National Instrument 81-102 Investment Funds and Changes to Companion Policy 81-102CP to National Instrument 81-102 Investment Funds to Accommodate a Range of Settlement Cycles for Mutual Funds
• OSC Staff Notice 81-735 Cash Collateral Use for Delayed Basket Securities in ETF Subscriptions
• Amendments to National Instrument 24-101 Institutional Trade Matching and Settlement
• CSA Multilateral Staff Notice 25-312 Reminder of Cessation of CDOR on June 28, 2024
• CSA Notice Regarding Coordinated Blanket Order 31-930 Exemption to allow Exempt Market Dealer Participation in Selling Groups in Offerings of Securities under a Prospectus

Canadian securities: Proposed guidance

• Proposed Amendments to Multilateral Instrument 25-102, OSC Rule 25-501 (Commodity Futures Act) Designated Benchmarks and Benchmark Administrators and Proposed Changes to Companion Policy 25-102, 25-501 (Commodity Futures Act) Designated Benchmarks and Benchmark Administrators