• New Conditions to the Insider Reporting Exemption for Eligible Institutional Investors Effective April 30, 2010
  • May 6, 2010
  • Law Firm: Borden Ladner Gervais LLP - Toronto Office
  • Effective on April 30, 2010, the insider reporting exemption provided for “eligible institutional investors” under National Instrument 62-103 The Early Warning System and Related Take-over Bid and Insider Reporting Issues (NI 62-103) will be amended to require additional disclosure. In order to continue to rely on the insider reporting exemption for a reporting issuer, an eligible institutional investor must ensure that its early warning or alternative monthly reports now disclose: