Course book for securities regulation

2010·0.29 MB·English

by  Johnson, Glen

UNIVERSITY OF
Tm TORONTO
I ^ 1 M FACULTY OF LAW
Course Book for:
SECURITIES REGULATION
Winter 2010
Professors Gleu Johnson and Leslie McCallum
University of Toronto
Faculty of Law
STORAGE
KE
1418.5
. J64
2010
c. 1
10136263.1
93300-0006
FACULTY Or LAW
UNIVERSITY ORTORONTO
Course Book for:
SECURITIES REGULATION
Winter 2010
Professors Glen Johnson and Leslie McCallum
University of Toronto
Faculty of Law
10136263.1
93300-0006
Digitized by the Internet Archive
in 2018 with funding from
University of Toronto
https://archive.org/details/coursebookforsecOOjohn
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TABLE OF CONTENTS
Topic Source Pages
Background and Mark R. Gillen, Securities Regulation in Canada 3rJ ed. (2007) (hereinafter Gillen) 1- 1-70
Fundamental 26, 32-33, 48-52, 53-76, 90-109, 493-501
Concepts
Larry P. Schwartz, Objectives, Outcomes and Performance Measures in Securities 71-94
Regulation. A Research Study for the Expert Panel on Securities Regulation in Canada,
online (2009) http://www.expertpanel.ca/documents/research-
studies/Obiectives,%200utcomes,%20and%20Performance%20Measures%20-
%20Schwartz.English.pdf
What is a Security? Securities and Exchange Commission v. IV J. Howey Co. et ai, 328 U.S. 293 (1946) 95-100
Pacific Coast Coin Exchange of Canada v. Ontario (Securities Commission), 101-113
[1978] 2 S.C.R. 112
OSC Staff Notice 91-702, Offerings of Contracts for Differences and Foreign 114-119
Exchange Contracts to Investors in Ontario, online:
http://www.osc.gov.on.ca/documents/en/Secunties-Categorv9/sn 20091030 91-
702 cdf.pdf
Prospectus Offerings Torys LLP, Responsibilities of Directors In Canada, online: (2009) 120-122
and Liability http://www.torvs.com/Publications/Documents/Pubbcahon%20PDFs/Resc>ons\bibbes
of Directors 2009.pdf pp. 32-33
Paul Waldie, Criminal past, allegations surface through the art of disclosure; New 123-124
income trust's prospectus reveals founder is a convicted drug dealer. The Globe and
Mail (2 July 2004), B3
Dollarama Press Release Dollarama Inc. Files Preliminary> Prospectus for Initial 125-126
Public Offering (September 10, 2009)
Dollarama Initial Public Offenng of Common Shares: Preliminary Prospectus 127-236
(September 10, 2009)
Torys LLP memo to junior lawyers: Doing Due Diligence in a Prospectus Financing 237-247
(June 2009)
Escoa v. BarChris Construction Corporation, 283 F. Supp. 643 (1968) [please n/a
access this case online]
Re YBM Magnex Internationa Inc., 2003 LNONOSC 337 [please access this case n/a
online]
Danier Revises Fiscal 1998 Forecast, Business Wire (June 4, 1998) (QL) 248-251
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Kerr v. Dernier Leather Inc., 2007 SCC 44, [2007] 3 S.C.R. 331 252-287
Torys TLP Client Bulletin The Supreme Court of Canada's Decision in Danier 288-289
(October 17, 2007)
Cnstin Schmitz, SCC Dampens Shareholder Class Actions, Die Lawyers Weekly 290-293
(October 26, 2007)
Gillen 295-298 294-297
Continuous Gillen 179-185 298-304
Disclosure
Torys LLP, Responsibilities of Directors In Canada, online: (2009) 305-315
http://www.torvs.com/Publications/Documents/Publication%20PDLs/Responsibilities
of Directors 2009.pdf, pp. 34-43
CSA Staff Notice 51-329, Continuous Disclosure Review Program Activities for the 316-322
fiscal year ended March 31, 2009, online:
http://www.osc.uov.on.ca/documents/en/Secunties-Categorv5/csa 20090724 51 -
329 cdrpa-fiscal-2009.pdf
Torys LLP Client Bulletin Canada to Adopt International Financial Reporting 323-326
Standards: An Update (August 7, 2008)
Torys LLP Client Bulletin New Canadian Disclosure Rules in 2008for Earnings 327-328
Guidance and Other Forward-Looking Information (January 28, 2008)
In the Matter of AiT Advanced Information Technologies Corporation, Bernard Jude 329-365
Ashe and Deborah Weinstein, OSC Reasons and Decisions (January 14, 2008)
Torys LLP Client Bulletin Ontario Securities Commission Provides Guidance on 366-367
Material Changes and M&A Negotiations (January 24, 2008)
Mark L. Berenblut, Bradley A. Heys & Svetlana Starykh, “Trends in Canadian 368-387
Securities Class Actions: 1997-2008”, online (2009)
http://www.nera.com/image/PUB Recent Trends Canada 0109 Lmal.pdf
Corporate Torys LLP Responsibilities of Directors In Canada, online: (2009) 388-401
Governance http://www.torvs.com/Publications/Documents/Publication%20PDFs/Responsibilities
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of Lhrectors 2009.pdf. pp. 3-15
Prospectus Gillen, 39 and 250-257 402-410
Exemptions
Insider Reporting and Gillen, 361-306 and 370-373 411-420
Insider Trading
Takeover Bids Gillen, 433-441 421-429
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Torys LLP Takeover Bids in Canada (adapted from a published business law guide on 430-449
takeover bids in Canada and tender oilers in the United States), 200b
1 Enforcement Gillen, 567-578 450-461
In the Matter of the Securities Act and In the Matter of Biovail Corporation, Eugene N 462-501
Melnyk, Brian II. Crombie, John R. Miszuk and Kenneth Cl. Howling, Statement of
Allegations of Staff of the Ontario Securities Commission (March 24, 2008) and OSC
Oral Ruling and Reasons (February 12, 2009)
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9 The Future of Expert Panel on Securities Regulation, “Final Report and Recommendations”, online: 502-519
Canada’s Capital (2009)
Markets http://www.expertpanel.ca/eim/documents/E.\pert Panel Final Report And Recomme
ndations.pdf, pp. 1-15
Jeff Macintosh, “Creation of Federal Regulator Will Unleash Constitutional 520-523
Showdown”, The Lawyers Weekly (February 20, 2009)
Jeremy Fraiberg, “Not one regulator but two; Ottawa’s push to form a national 524-525
securities watchdog does not mean Quebec has to give up its own,” The Globe and
Mail (October 28,2009), BIO
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