CSA Publish Update on Proposed Amendments to the Early Warning Regime
|Lawyer||Jonathan Feldman, Eric Goldberg, Neill May|
|Area||Corporate Finance and Securities|
The Canadian Securities Administrators (CSA) published an update of their proposed changes to the early warning regime (Canada’s equivalent to the Schedule 13D regime in the United States). The update abandons some of the key proposals, such as reducing the reporting threshold, put forward by the CSA in March 2013 (see our March 14, 2013 update, CSA Proposes Significant Amendments to Early Warning Regime) and reflects what appears to be a firm intention to proceed with other changes to the system in the second quarter of 2015.