Regulatory Alerts2025-09-19
Regulation 61-101 Respecting Protection of Minority Security Holders in Special Transactions
The Quebec securities regulator issued Regulation 61-101 to establish protective requirements for minority security holders in special transactions such as business combinations and related party transactions. The regulation defines key terms including affected securities, interested parties, and independent committees to determine the applicability of specific procedural safeguards. It mandates the use of formal valuations, independent committee approvals, and minority shareholder votes to ensure fairness and transparency in these corporate actions.
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