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Ontario Securities Commission Announces New Registrant Advisory Committee Members Date
08/01/2021
The Ontario Securities Commission (OSC) announced today the membership of the Registrant Advisory Committee (RAC) for the 2020-2021 term.
In recognizing the importance of consulting with our stakeholders, the OSC’s RAC serves as a forum to discuss issues and challenges faced by registrants in interpreting and complying with Ontario securities law, including registration and compliance related matters.
The Committee also plays a consultative role by providing feedback to the OSC on the development and implementation of policy and rulemaking initiatives that promote investor protection and fair and efficient capital markets.
James Langton
The Ontario Securities Commission (OSC) has unveiled the new membership of its advisory committee for registered firms.
The OSC’s Registrant Advisory Committee (RAC) provides the regulator with industry input on compliance and registration issues, and consults on its policy work.
The latest edition of the committee includes representatives from large asset managers (Franklin Templeton Investments Corp., BMO Asset Management Inc. and Fidelity Investments Canada ULC), smaller firms (Burgundy Asset Management Ltd., Cassels Investment Management Inc. and Sionna Investment Managers Inc.), and industry trade groups such as the Portfolio Management Association of Canada (PMAC) and Private Capital Markets Association of Canada (PCMA).
Apollo casino deal is approved after bid lifted to US$1.9 billion
Kevin Orland, Bloomberg News VIDEO SIGN OUT
Apollo Global Management Inc. won shareholder approval for its US$1.9 billion takeover of Great Canadian Gaming Corp., sealing a deal that had faced stiff opposition until the private equity firm increased its bid by 15 per cent.
Holders of 79 per cent of the shares voted at a special meeting were in favor of the transaction, executives said on a webcast. That cleared the two-thirds hurdle needed for the deal to take effect. The acquisition is expected to close in the second quarter, but still needs regulatory approval.
Apollo wins over Canadian casino holders with 15% higher bid
Kevin Orland, Bloomberg News VIDEO SIGN OUT
Apollo Global Management Inc. increased its offer for casino operator Great Canadian Gaming Corp. by 15 per cent, winning over a group of shareholders that had threatened to block the deal.
The private equity firmâs new offer is $45 a share, roughly where Great Canadian was trading in mid-February before the pandemic hit, up from a $39 bid that a group of investors said undervalued the company. The equity value of the new proposal is slightly more than $2.5 billion based on a total of 56 million shares outstanding.