August 26, 2005


Ontario Misleading Disclosure Legislation to Become Effective December 31, 2005
by: Alasdair J. Federico, Rene Sorell

Amendments to the Ontario Securities Act (the Securities Act) implementing the civil liability regime in respect of certain documents filed by reporting issuers under "continuous disclosure" requirements1 come into force, on December 31, 2005. Currently, there is civil liability under the Securities Act only for misrepresentation made in a prospectus, take-over bid circular, directors’ circular or offering memorandum.2


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