Securities Law in Canada: Cases and Commentary, 3rd Edition provides a comprehensive account of the principles and practical operation of securities law. Readers are guided through recent legal developments while exploring the broader debate surrounding the role played by securities markets and the regulations in those markets, the economy, and society at large.

This casebook also features insights and reviews of recent proceedings that have contributed to current governing principles. This includes decisions made by both the Supreme Court and the Ontario Securities Commission.

As with previous editions, the overarching theme in this text focuses on an analysis of the ways in which security administrations try to produce harmonization across provinces using national rules. To achieve this, each chapter reflects on the level of harmonization or divergence of provincial securities law across Canada. The author team draws experience from different areas of Canada, allowing for complete coverage across each provincial jurisdiction.

• New chapter covering the core framework and requirements involved in regulating registered firms and individuals in the capital markets
• Substantially updated materials on new secondary market civil liability and emerging jurisprudence
• Expanded material on derivatives
• New information on women on boards
• Emerging case law on material fact and material change definitions, including the Ontario Securities Commission's decision regarding Coventree Inc.
• Current insider trading cases
• References to recent and major Supreme Court decisions, including Theratechnologies Inc. v. 121851 Canada Inc. and Reference re Securities Act, 2011 SCC 66

Chapter 1: Foundational Concepts
Chapter 2: Historical and Constitutional Development of Securities Regulation
Chapter 3: Regulators and Types of Markets
Chapter 4: The Prospectus Process
Chapter 5: Exempt Market Transactions
Chapter 6: Continuous Disclosure
Chapter 7: Securities Regulators and Corporate Governance
Chapter 8: Insider Trading
Chapter 9: Takeover Bids
Chapter 10: Civil Liability
Chapter 11: Enforcement
Chapter 12: Financial Market Intermediaries