At this very moment, we find ourselves able to do more than just dream about the cars of the future. In California, Google’s self-driving cars have logged over 1 million miles without a human driver. In Nevada, Tesla’s Gigafactory is gearing up to power thousands of nearly-autonomous vehicles. The challenges, however, remain clear. Just recently, a Tesla car crashed while on autopilot killing the “driver,” and new guidelines from the NHTSA for autonomous vehicles are being promulgated.
This whitepaper, therefore, while seeking to provide an understanding of the legal issues and developments facing the industry, is only a beginning. The inevitable accidents and regulatory changes will certainly impact the industry and raise questions concerning potential regulatory roadblocks, liability concerns, cybersecurity and privacy matters, intellectual property protections, as well as corporate/M&A issues. We hope this whitepaper helps you to better understand the issues and the risks surrounding autonomous vehicles, and how these challenges may present opportunities in this rapidly evolving industry.
CSA publishes Client Focused Reforms: Amendments to NI 31-103
The Canadian Securities Administrators (CSA) recently released finalized amendments (the Amendments) to National Instrument 31-103 – Registration Requirements, Exemptions and Ongoing Registrant Obligations.