Canadian Securities Matters - Q3 2025

This edition provides a summary of newly effective and forthcoming regulatory matters in Canada in the quarter ended September 30, 2025.

• CSA Staff Notice 51-366 Regulatory Concerns with Certain Asset or Business Acquisitions
• Notice of Ministerial Approval of Amendments to National Instrument 81-102 Investment Funds
• CSA Notice Regarding Coordinated Blanket Order 81-930 Exemptions from Certain Repurchase Transactions Requirements for Investment Funds
• OSC Staff Notice 33-759 Registration, Inspections and Examinations Division
• Notice of Commission Approval of OSC Rule 32-510 Extension to Ontario Instrument 32-508 Not-For-Profit Angel Investor Group Registration Exemption and OSC Rule 32-511 Extension to Ontario Instrument 32-509 Early Stage Business Registration Exemption
• CSA Notice of Amendments to National Instrument 44-102 Shelf Distributions Relating to Well-known Seasoned Issuers
• Notice of Coming into Force of OSC Rule 11-502 Distribution of Amounts Received by the OSC under Disgorgement Orders and Payment of Related Administrative Costs and OSC Rule 11-503 (Commodity Futures Act) Distribution of Amounts Received by the OSC under Disgorgement Orders and Payment of Related Administrative Costs
• Notice of Ministerial Approval of Amendments of Certain National Instruments and OSC Rules related to the Senior Tier of the Canadian Securities Exchange, the Cboe Canada Inc. and AQSE Growth Market Name Changes, and Majority Voting Form of Proxy Requirements