Learn about the two fundamental tools of Canadian securities law regulating the sale of securities - the registration requirement and the prospectus requirement.

The two fundamental tools of Canadian securities law regulating the sale of securities are the registration requirement and the prospectus requirement. The registration requirement refers to the rules requiring individuals or companies in the business of trading securities to be registered (i.e., licensed) under securities legislation. The prospectus requirement refers to the rules that require certain kinds of securities trades— distributions—to be undertaken only if the seller prepares, files, and delivers to the purchasers a prospectus. Canadian securities law does provide exemptions in certain cases from both the registration and the prospectus requirements. This course will primarily on prospectus exemptions.
The course will cover the following topics:

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Christopher C. Nicholls holds the Stephen Dattels Chair in Corporate Finance Law at the University of Western Ontario. He is a graduate of the University of Ottawa, Osgoode Hall Law School, and Harvard University. Before coming to Western in 2006, Professor Nicholls was a member of the Dalhousie University Faculty of Law (now the Schulich School of Law at Dalhousie University) where he was the inaugural holder of the Purdy Crawford Chair in Business Law. Prior to joining the faculty of Dalhousie, he practised corporate and securities law in Toronto and in Hamilton, Bermuda. Professor Nicholls has been a visiting (adjunct) professor at the University of Toronto Faculty of Law, a visiting professor at Queen’s University Faculty of Law, a visiting scholar at the Centre for Corporate and Commercial Law at the University of Cambridge, the Falconbridge Professor of Commercial Law at Osgoode Hall Law School, and a Herbert Smith visitor to the University of Cambridge Faculty of Law. He has served as a member (Commissioner) of the Nova Scotia Securities Commission, as associate editor and corporate finance law specialist editor for the Canadian Business Law Journal, and as a member of the editorial board of the Canadian Journal of Law and Technology. He is the author of numerous articles and monographs, as well as four other books including Securities Law (with Jeffrey MacIntosh, Irwin Law, 2002).