Canadian Securities Administrators Propose Harmonized Canadian Take-Over Bid And Issuer Bid Rules.

Mondaq Business BriefingNbr. 2006, January 2006

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Canadian Securities Administrators Propose Harmonized Canadian Take-Over Bid And Issuer Bid Rules.

A. INTRODUCTION

As a further leg to their harmonization stool, the Canadian Securities Administrators ("CSA") have published for comment a proposed National Instrument 62-104 - Take Over Bids and Issuer Bids (the "Instrument") and a related companion policy dealing with the harmonization of the statutory and regulatory requirements and restrictions governing take-over bids and issuer bids across Canada. The Instrument complements and broadens the reach of the CSA's...

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