On December 3, 2020, the Canadian Securities Administrators (the
“
CSA”) issued CSA Consultation Paper
25-403 –
Activist Short Selling (the
“
Consultation Paper”) seeking public
consultation on a number of issues relating to activist short
selling and its impact on Canadian public
companies.
The CSA is accepting comments on the
Consultation Paper until
March 3, 2021. If you
have any comments relating to activist short selling and its
regulation in Canada that you would like us to bring to the
attention of the CSA, we urge you to please contact one of our
firm s Capital Markets lawyers.
Activist Short Selling
Typically, activist short selling involves a person taking a