Skip Navigation
Securities Law

51-403 - Tailoring Venture Issuer Regulation [CSA Consultation Paper - Lapsed]

Published Date: 2010-05-31
Effective Date: 2010-05-31
Rescinded Date: 2011-07-28
Document(s):

Concurrently Published:

A Canadian Securities Administrators consultation by the securities regulatory authorities of Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia and Saskatchewan. Although Ontario and Québec are not fully participating in this consultation, they are encouraging their market participants to review the proposals and provide comments.

May 31, 2010

About this paper

This consultation paper:

  • is intended to assess market interest in pursuing a more tailored approach to regulation of the venture market that we think could benefit both issuers and investors, and
  • seeks the views of venture market stakeholders, including investors and investor associations, venture issuers and their professional advisers, exchanges, dealers and industry associations.

Consultation rationale

As regulators that deal extensively with Canadian venture issuers and investors, we want to know if there are additional steps we could take to develop a regulatory regime that is directed at and tailored to the venture market.

With the participation of market participants, we hope to answer that question.

We look forward to rigorous discussion and participation in this process.

Contents

A: The consultation process

  • Consultation paper
  • Consultation sessions
  • Comments and submissions

B: Summary of key features of proposal

C: Why pursue this initiative?

  • Traditional regulatory response to venture markets
  • The venture market
  • Impact of current regulation

Annex 1: Summary of proposals

  • Continuous disclosure and governance
  • Disclosure in connection with offerings

Annex 2: Considerations in developing proposals

  • Venture market characteristics
  • Resources 

Annex 3: Contact the regulators

Annex 4: