Amendments to the take-over bid and early warning reporting regimes announced earlier this year have received ministerial approval and come into force today, May 9, 2016, as discussed here and here. The amendments, which were approved by the Ontario Minister of Finance on March 31, 2016, include, among other things, the adoption in Ontario of National Instrument 62-104 Take-Over Bids and Issuer Bids, the repeal of OSC Rule 62-504 Take-Over Bids and Issuer Bids, amendments to National Instrument 62-103 Early Warning System and Related Take-Over Bids and Insider Reporting Issues and related amendments to the Securities Act (Ontario)(OSA). The related amendments to the OSA, as included in Schedule 18 of the Budget Measures Act, 2015 (Ontario), also come into force today, as proclaimed by the Lieutenant Governor of Ontario.

For further information, please see Notice of Ministerial Approval of Amendments to Take-Over Bid Regime and Early Warning System.