GREEN LOANS AS PART OF REF INVESTMENT LENDING TRANSACTIONS AND
RERF LENDING TRANSACTIONS
The Guidance Documents broadly define green loans as any
type of loan instrument made available exclusively to finance or
re-finance, in whole or in part, new and/or existing green
projects . The Guidance Documents also offer a reminder of the
four core components of the GLPs, which consist of the
following:
Use of proceeds
Management of proceeds
Reporting
Since green loans are not sector specific, they can be used in
any industry, including REF investment transactions and RERF
transactions.
GREEN PROJECTS IN THE REF INVESTMENT CONTEXT AND THE RERF
Quebec s National Assembly recently enacted Bill 51,
Act respecting Labour Standards
(ALS), which will enter into force on January 1, 2021 (except for
the change relating to the division of leaves).
CHANGES TO THE ACT RESPECTING LABOUR STANDARDS
Parental Leave
Currently, maternity, paternity or parental leave can be divided
into weeks at the employee s request if the child is
hospitalized or if the employee is eligible for certain other
job-protected leaves as specified in section 81.14.1 of the ALS
(e.g., sick leave, caregiver leave, etc.) and the employer
consents. The Act provides that the employer will no longer be able
to deny the employee s request to break down the leave under
On December 10, 2020, the Canadian Securities Administrators
(CSA) issued Staff Notice 55-317
Automatic Securities
Disposition Plans (SN 55-317), providing recommendations
for issuers and insiders on the establishment, administration and
disclosure of Automatic Securities Disposition Plans (ASDPs).
SN 55-317 replaces the Ontario Securities Commission s
previous guidance on ASDPs included in OSC Staff Notice 55-701
BACKGROUND TO ASDPs
Under Canada s securities legislation, there is an exemption
from the general prohibition on insiders of an issuer trading
securities with knowledge of material non-public information (MNPI)
with respect to the issuer. The exemption is in respect of an automatic plan that was entered into by the person or
To print this article, all you need is to be registered or login on Mondaq.com.
Significant changes are on the horizon for Canada and
Ontario s gaming industry. Not only did the federal
government recently introduce Bill C-13 to decriminalize single-event
sports betting in Canada, but the Ontario government recently
reiterated and expanded upon its intention to establish a
modernized online market for Internet gaming (iGaming) in the
province.
Taken together, these two measures will mark a significant shift
in the Canadian gaming landscape, especially with regards to online
gaming.
Bill C-13 received broad support from both the gaming industry