Canadian Securities Regulation, 6th Edition

Click here for the student edition of Canadian Securities Regulation, 6th Edition.

“For nearly 50 years [Canadian Securities Regulation] has remained the standard text on its subject matter, even as the securities regime has expanded into new (and often unexpected) areas such as corporate governance, provincial-federal constitutional negotiations, systemic economy-wide risk, and online crypto exchanges.

The book’s long history, with the various editions overseen by a consistent panel of authors, gives it an unmatched capaciousness and historical depth. There is no significant topic in the area of securities practice that is not carefully and clearly addressed by this most recent edition. Somehow the text manages to provide the advantages of its historical perspective without losing itself in detours from what is essential for practitioners to know in the current moment. It is an eminently practical book.”

Reviewed by Bryce C. Tingle KC, N. Murray Edwards Chair in Business Law
Faculty of Law, University of Calgary

Read the full review on LexisNexis Canada's Canadian Legal Insights Blog

Announcing the much-anticipated release of the sixth edition of Canadian Securities Regulation, the industry's authoritative resource on the Canadian securities system, covering everything from its historical underpinnings to the practical ramifications of its administration and enforcement.

Features and Benefits
As in past editions, readers of Canadian Securities Regulation, 6th Edition can rely on this volume to provide a comprehensive overview of securities regulation in Canada, including:

• Systematic analysis that offers in-depth coverage of all aspects of securities regulation
• Timely commentary, outlining recent developments in the area and their impact
• Relevant case law that provides a starting point for discussion and advocacy
• Expert insight into regulatory reform and the likely future path of securities regulation

What’s New In This Edition

• Comprehensive updating of key developments since 2014, particularly legislative developments across Canada and significant Commission and court decisions from Alberta, British Columbia, Ontario and the Supreme Court of Canada
• Important developments in Ontario, including the 2021 bifurcation of the Ontario Securities Commission and the establishment of the Ontario Capital Markets Tribunal, as well as the issuance of the 2021 Ontario Capital Markets Modernization Taskforce’s Final Report
• Significant enforcement-related legislative developments, such as cooperation for credit, whistleblower policies and statutory reciprocation orders across Canada
• Discussion of new subject matter, including:
  • Crypto-asset matters, artificial intelligence, social media, the CSA Financial Innovation Hub, high-frequency trading, and general financial technology (FinTech) issues
  • SEDAR+, the Access Model for prospectus delivery, and other effects of technology to improve efficiency and access
  • The COVID-19 Pandemic, including the increased reliance of Commissions on remote hearings and electronic documents
  • The 2016 amendments to take-over bid legislation, as well as important decisions under the new regime, including decisions on shareholder rights plans
  • The significance and effect of enforcement reforms in British Columbia, including Administrative Penalties Imposed by Notice (APINs)
  • The public interest jurisdiction and the differing approaches taken by the various Commissions
• Improvements to existing chapters, including:
  • Integration of content from the former Chapter 21 “Outstanding Issues” into other chapters, and reworking the structures of Chapter 4 “Machinery” and Chapter 14 “Enforcement” to better align the material within those topics
  • Revisions to Chapter 16 “Investment Funds” to address expansion of the Client Relationship Model (CRM2) and Total Cost Reporting (TCR), as well as the recent order-execution only (OEO) ban
  • Expanded focus in Chapter 18 “Corporate Governance” on sustainability, corporate social responsibility (CSR) and environmental, social and governance (ESG) issues
  • Additional focus on statutory civil liability issues in Chapter 12, including developments in certification and Ontario’s 2020 Class Proceedings Act amendments
  • Incorporating the 2021 Client Focused Reforms into Chapter 13 “Registration”

Who Should Read This Book
This volume is a useful resource for anyone interested in gaining a deeper understanding of this complex area of law, including:

• Corporate and securities lawyers
• In-house counsel
• Securities regulators and government
• Financial institutions
• Students