Tag Archives: Early Warning Reporting

A ‘Win’ for the IIAC – “Early Warning” Reporting System (IIAC Blog)

A ‘Win’ for the IIAC – “Early Warning” Reporting System (IIAC Blog)

In Canada, any person that acquires a stake of 10% or more in a Canadian public company must issue a news release immediately and file an “early warning” report within two business days, including the number of shares held, the purpose of the transaction and the acquirer’s future intentions. This allows the market to review and assess the potential impact of changes in ownership or control.

The Canadian Securities Administrators (CSA) proposed to reduce the early warning reporting threshold from 10% to 5%. The IIAC pushed back, stressing the lower threshold would increase compliance costs and … Continue reading

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