Repare Therapeutics Insiders Establish Automatic Securities Disposition Plans businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
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While our attention is primarily on health issues during this
global pandemic, climate change remains at the forefront of issues
being addressed by governments, courts and businesses. This
bulletin summarizes some of the recent developments in Canada and
abroad.
FEDERAL GOVERNMENT INITIATIVES
In November 2020, the Canadian federal government introduced
Bill C-12, the
Canadian Net-Zero Emissions Accountability
Act. The bill proposes to legally bind the government to
achieve net-zero emissions by 2050 and require the Minister of
Finance to report annually on key measures that the federal
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While our attention is primarily on health issues during this global pandemic, climate change remains at the forefront of issues being addressed by governments, courts and businesses. This bulletin summarizes some of the recent developments in Canada and abroad.
FEDERAL GOVERNMENT INITIATIVES
In November 2020, the Canadian federal government introduced Bill C-12, the
Canadian Net-Zero Emissions Accountability Act. The bill proposes to legally bind the government to achieve net-zero emissions by 2050 and require the Minister of Finance to report annually on key measures that the federal government has taken to manage climate-related financial risks and opportunities. Hot on the heels of that, the government released
Climate Change: Government Action, Judicial Restraint and Corporate Disclosure lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
On December 10, 2020, the Canadian Securities Administrators
(CSA) issued Staff Notice 55-317
Automatic Securities
Disposition Plans (SN 55-317), providing recommendations
for issuers and insiders on the establishment, administration and
disclosure of Automatic Securities Disposition Plans (ASDPs).
SN 55-317 replaces the Ontario Securities Commission s
previous guidance on ASDPs included in OSC Staff Notice 55-701
BACKGROUND TO ASDPs
Under Canada s securities legislation, there is an exemption
from the general prohibition on insiders of an issuer trading
securities with knowledge of material non-public information (MNPI)
with respect to the issuer. The exemption is in respect of an automatic plan that was entered into by the person or