Securities Law Section

About the Section

This Section deals with sources of securities regulation applicable in Manitoba, including The Securities Act (Manitoba) and the regulations, notices and rules thereunder; the policies, notices, blanket orders and other instruments adopted by The Manitoba Securities Commission; the national instruments, multilateral instruments and national policy statements published by the Canadian Administrators; and the rules and policies set out by any other securities regulatory organizations having jurisdiction in Manitoba.

Section Executive

Upcoming Section events

Check back soon.

Past Section events

May 31, 2007, 2:00-4:00pm (The Manitoba Securities Commission - 500-400 St. Mary Avenue): Proposed National Instrument Rule 31-501 – Registration Requirements and Election of Executive for 2007-2008

Articles, links and resources

Articles Posted Include:

2007 Mid-Winter CLE - Raising Capital without a Prospectus and New Statutory Civil Liability for Misrepresentations

Civil Liability for a Secondary Market Disclosure, by David Cheop, Q.C.

This paper on recent changes to security legislation in Manitoba and other jurisdictions was presented at the 2007 MBA Mid Winter by David Cheop, Q.C. Mr. Cheop first reviewed the background and history and then examined the key elements of the new legislation. He compared the requirements of the legislation to the requirements of the United States and then summarized what Issuers need to know. Mr. Cheop explained what protection there was for Issuers and concluded that secondary market disclosure civil liability would likely be adopted across Canada.

Raising Capital without a Prospectus, by Norman Snyder

This overview of issues and exemptions applying to the National Instrument 45-106 was presented at the 2007 MBA Mid Winter by Norman Snyder. Mr. Snyder examined the application, scope and limits of the various private placement exemptions available under National Instrument 45-106. In addition, Mr. Snyder noted that although the new national instrument had been introduced to provide consistency and national uniformity there were still exemptions to the requirements unique to individual provinces. He named the specific exemptions still available in Manitoba and then examined the application, scope and limits of each in turn. Mr. Snyder concluded with a recommendation for how to assess each situation, determine the appropriate jurisdiction and thus the applicable exemptions.