Regulatory Alerts2023-06-15
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Regulation to Amend Regulation 62-103 Respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues
The Quebec securities regulator amends Regulation 62-103 to update the Early Warning System framework by expanding the definition of financial institution. This change formally incorporates authorized foreign banks listed in Schedule III of the federal Bank Act into the reporting category. The amended regulation officially takes effect on September 13, 2023.
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