The CSE recently established a senior tier intended for non-venture issuers, with listing requirements aligning more closely with those of a non-venture exchange. However, under current securities legislation, these issuers are still classified as venture issuers, subject to regulations applicable to that category.
Canadian lawyers, particularly those focusing on securities law, should note that the proposed amendments could potentially have significant implications for their clients, especially those involved with issuers on the CSE’s senior tier. Legal professionals should closely monitor the progress of these amendments and advise their clients accordingly.
Other proposed changes
Other amendments proposed in the CSA’s notice include aligning certain exemptions and eligibility requirements to apply consistently to the CSE, codifying existing blanket orders relating to “majority voting” provisions…
