Regulatory Alerts2023-09-13
Regulation 62-103 Respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues
Issued by Canadian securities regulators, this regulation establishes the legal framework for the early warning system, take-over bid disclosures, and insider reporting requirements under the Securities Act. It defines key terms such as effective control and eligible institutional investor, while outlining specific obligations for filing news releases and reports when ownership thresholds are crossed. The document further details an alternative monthly reporting system for eligible institutional investors and provides aggregation relief provisions for separate business units.
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