• OSC Confirms High Standard for Reviewing a TSX Decision
  • September 14, 2009 | Author: Linda M. Plumpton
  • Law Firm: Torys LLP - Toronto Office
  • On August 26, 2009, the Ontario Securities Commission dismissed a request by a significant unitholder of InterRent Real Estate Investment Trust to reverse a decision of Toronto Stock Exchange and intervene to stop a private placement of InterRent units from proceeding. The OSC's decision confirms that only in rare circumstances will it exercise its power to review a TSX decision.