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CSA Propose Different Direction for Take-Over Bid Regime


Lawyer David Coll-Black, Kirk Rauliuk
Area Corporate Finance and Securities


The Canadian Securities Administrators (CSA), including the Autorité des marchés financiers (AMF), announced yesterday that they will not be proceeding with defensive tactics proposals published by the CSA and the AMF last year (see our March 15, 2013 Update, Canadian Securities Regulators Propose New Regimes for Shareholder Rights Plans) and instead have determined to implement a new, harmonized regulatory proposal involving amendments to the take-over bid regime.

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