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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | September 2016
On September 22, 2016, the Canadian Securities Administrators (CSA) issued a request for comment with respect to the final stage of Phase 2 of their Modernization of Investment Fund Product Regulation Project. This stage focuses on proposed amendments to National Instrument 81-102 Mutual Funds (NI 81-102) to create a regulatory framework pursuant to which “alternative funds” (i.e., mutual funds that adopt fundamental investment objectives that permit them to invest in asset classes or adopt investment strategies that are otherwise prohibited in NI 81-102) (Alternative Funds) can be offered to retail investors. The CSA has also proposed changes to NI 81-102 that will affect conventional mutual funds and non-redeemable investment funds.
The CSA has proposed that Alternative Funds:
The CSA has also proposed that Alternative Funds be subject to a seed capital requirement of $150,000 (i.e., the manager of an Alternative Fund would need to invest $150,000 on launch and maintain that investment until the Alternative Fund has raised at least $500,000 from outside investors). The CSA is consulting with the Mutual Fund Dealers Association of Canada to determine the appropriate proficiency requirements for dealing representatives of mutual fund dealers that will trade in securities of Alternative Funds.
As noted above, the CSA is also proposing that certain amendments be made to NI 81-102 that will affect conventional mutual funds and non-redeemable investment funds. More specifically, it has been proposed that:
The CSA invites all interested parties to provide written feedback on the proposals by December 22, 2016.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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