The Mobius strip of securities reform
|Area||Corporate Finance and Securities|
Article originally published in the Canadian Lawyer Magazine, July 2017
Excerpt from "The Mobius strip of securities reform":
What put the Mobius strip in my mind (I don’t need prompting to think about fast food) is the recent consultation paper (51- 404) published by the Canadian Securities Administrators identifying areas of securities regulation that could benefit from a reduction of undue regulatory burden. Specifically, though the analysis focuses on securities regulation generally, taking into account changing market conditions, investor demographics, technological innovation and globalization, among other things, many of the proposals predictably contemplate reducing the regulatory burden for smaller enterprises, which are often the types of issuers that we’re conditioned to believe are riskier for investors.