On August 8, 2013, we will present three complimentary sessions addressing key issues for Canadian firms raising capital in the U.S.:
- Session 1: Key Developments for Canadian Issuers in U.S. Securities Regulation
For presentation materials, click here.
- Session 2: Canadian Banks and the U.S. Capital Markets: Opportunities and Issues
For presentation materials, click here.
- Session 3: Current Issues Impacting U.S. Structured Note Offerings
For presentation materials, click here.
We describe these sessions in more detail below.
Key Developments for Canadian Issuers in U.S. Securities Regulation
Canadian issuers have made frequent use of the U.S. capital markets. In this session, we will discuss some of the key recent securities law developments that have changed and will change market practices, and that have created new opportunities for Canadian issuers. Topics include:
- How Rule 144A and Regulation D Offerings Are Conducted in the U.S.
- How the SEC’s Expected “General Solicitation Rules” Will Impact These Offerings
- The JOBS Act, Emerging Growth Companies, and New Opportunities in the U.S. for Canadian Issuers
Canadian Banks and the U.S. Capital Markets: Opportunities and Issues
Canadian banks have used a variety of techniques and programs to offer securities in the U.S. In this session, we will discuss the principal methods that they use to do so, the legal considerations that are involved, and the advantages and disadvantages of each. Topics include:
- Rule 144A and Bank Note Programs for Canadian Banks
- Key U.S. Bank Regulations Impacting Capital Raising Transactions
- Canadian Banks and Registration Under the Federal Securities Laws
- Offering Covered Bonds in the U.S. Market
- Impact of Bank Regulatory Reforms and the Dodd-Frank Act on Bank Offerings
Current Issues Impacting U.S. Structured Note Offerings
Structured note issuers in the U.S. face a rapidly changing regulatory landscape. In this session, we describe the actions recently taken by the SEC, FINRA and other U.S. regulators, and how they impact market participants. Topics include:
- Key Legal Issues and Recent Regulatory Developments
- The SEC Sweep Letter and Estimated Value Disclosures
- FINRA Regulation