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OSC Releases Guidelines for Companies Operating in Emerging Markets

November-12-2012

Lawyer Jonathan Feldman, Neill May
Area Corporate Finance and Securities, Asia Practice

Summary

On November 9, 2012, the Ontario Securities Commission (OSC) published Staff Notice 51-720 - Issuer Guide for Companies Operating in Emerging Markets (the “Guide”), the latest step in a series of actions taken by the regulator focusing on emerging market issuers.  In the wake of a number of high profile failures of issuers listed on Canadian exchanges with operations located in emerging markets, the OSC:

The Guide provides direction to officers and directors of emerging market issuers on eight risk areas identified by the regulator, which areas are likely to be the focus of the securities commission’s increased scrutiny.

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