Publication
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.
Canada | Publication | May 2019
The Ontario Securities Commission (OSC) recently announced it is implementing a two-year moratorium on late fees for delayed disclosure by registrants of outside business activities (OBAs). Registrants are still required to make OBA filings, but fees will not be charged for late filing notices. The announcement forms part of the OSC’s burden reduction project, aimed at eliminating unnecessary rules and processes.
Individuals registered with the OSC are required to disclose all OBAs in Form 33-109F4 (or Form 33-109F5 for changes in OBAs after registration). Required disclosure includes the following, whether the individual receives compensation or not:
The OSC has provided the following examples of OBAs that it would expect to be disclosed:
The purpose of OBA disclosure is to guard against potential conflicts of interest among registrants, by providing the OSC with information by which to identify conflicts of interest and intervene accordingly, when necessary.
Under Ontario securities law, individual registrants are required to file OBA disclosure within 10 days of a new OBA or a change to an existing OBA. During the moratorium the OSC will waive the $100 per business day late filing fee that it normally charges.
The moratorium will begin retroactively on January 1, 2019, and end on December 31, 2021, at the latest.
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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