Jason J. Brooks  

Partner

Executive Summary

Jason Brooks is a partner in our Securities and Capital Markets Group in our Vancouver office, and is the Vancouver Regional Leader of our Investment Management Focus Group. Jason’s practice focuses on advising Canadian and foreign-based clients engaged in all aspects of the investment management industry, including investment fund managers, portfolio managers, dealers, financial institutions and service providers. He has extensive experience advising clients on the formation, management and operation of public and private investment funds in Canada and the offering of their securities in public offerings and private placement transactions.

Jason also regularly advises and assists clients seeking to obtain and maintain registration with Canadian securities regulators and/or self-regulatory organizations, and provides advice on a wide range of registration, regulatory and compliance matters affecting registered firms and individuals, including developing, reviewing and assessing compliance procedures and practices. He has obtained novel exemptive relief from a wide variety of prospectus, registration, conflict of interest and other compliance requirements under Canadian securities laws.

In addition, Jason advises clients on merger and acquisition transactions, corporate finance transactions, shareholder and corporate governance matters, the securities-related activities of financial institutions, and securities-related activities on the Internet.

Jason and his wife Kelly are the proud parents of four children - Kate, Jack, Jane and Joe.

Representative Work

  • Led the BLG team that represented First Block Capital Inc. in connection with its registration as an investment fund manager and an exempt market dealer in order to operate a bitcoin investment fund, the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments. Also acted in connection with the direct and syndicated private placement of units of the bitcoin fund to investors in Canada and abroad.
  • Advising on all issues related to the formation, organization and ongoing operations of retail mutual funds, hedge funds, pooled funds and other investment funds.
  • Advising Canadian and foreign advisers, dealers and investment fund managers with respect to registration and on-going securities regulatory and compliance matters.  Extensive experience in assisting firms obtain registration with securities regulators in all jurisdictions of Canada, from start-up fund managers and exempt market dealers to multi-billion dollar global asset managers.
  • Has obtained novel and complex exemptive relief from a wide variety of prospectus, dealer registration, conflict of interest and other compliance requirements under Canadian securities laws.
  • Advising on the formation, organization and ongoing operation of mortgage investment corporations and other similar entities, and on the registration and other securities regulatory and compliance issues applicable to those involved in the administration and distribution of such entities.
  • Advising on the corporate, securities and securities regulatory issues applicable to mergers & acquisition transactions for participants in the investment management industry.
  • Led the BLG team that represented Phillips, Hager & North Investment Management Ltd. (PH&N) in relation to the sale of PH&N to Royal Bank of Canada in 2008, a transaction that created the largest retail mutual fund company in Canada, one of the top five managers in the Canadian institutional market for defined benefit and defined contribution pension plans, and one of the largest private client investment counselling businesses in Canada.

Publications & Presentations

  • Regular moderator and speaker of BLG’s client seminars held by BLG’s Investment Management Group.
  • Speaker at industry seminars and conferences on a wide range of issues affecting the investment management industry, including:
    • Speaker, "Resolving Your Registration Issues," Portfolio Management Association of Canada (PMAC) Vancouver Compliance Forum, May 2016.
    • Speaker, "Current Regulatory Issues for NI 81-107 Funds and their IRCs," IRI Vancouver / Calgary Continuing Education Series for Independent Review Committees, May 2016.
    • Moderator, "Regulatory Update for the Exempt Market," Private Capital Markets Association (PCMA) Vancouver Chapter, June 2015.
    • Panel Member, "CRM2: Questions and Answers," British Columbia Securities Commission Registrant Outreach Program Workshop, June 2015.
    • Panel Member, "Reflecting Regulatory Developments in your Compliance Program and Updating your Policies and Procedures Manual," Portfolio Management Association of Canada (PMAC) Vancouver Compliance Forum, May 2015.
    • Speaker, "Regulatory Update: Fund Modernization Initiatives and Regulatory Developments," IRI Vancouver/ Calgary Continuing Education Series for Independent Review Committees, October 2014.
    • Panel Member, "CRM 2: Cost Disclosure and Performance Reporting - Preparing Now for 2016," Portfolio Management Association of Canada (PMAC) Vancouver Compliance Forum, May 2014.
    • Co-Speaker, “Preparing for a Regulatory Audit and How to Meet the Regulators Expectations,” Portfolio Management Association of Canada (PMAC) Vancouver Compliance Forum, May 2013.
    • Moderator, “Social Media,” National Society of Compliance Professionals (NCSP) 2013 Canadian Membership Meeting, April 2013.
    • Co-Speaker, “Preparing for and Surviving Compliance Examinations,” Strategy Institute Registrant Regulation Conference, April 2013.
    • Panel member, “Regulatory Outlook Panel,” CFA Vancouver 2013 Alternative Investment Forum, CFA Vancouver, February 2013.
    • Speaker, “Social Media – Legal Perspective for Registrants,” British Columbia Securities Commission Registrant Outreach Program Workshop, November 2012.

Rankings & Recognitions

  • Selected by peers for inclusion in the 2018 edition of The Best Lawyers in Canada® (Mutual Funds Law).
  • Recognized in the 2017 (and since 2012) editions of The Canadian Legal Lexpert® Directory (Investment Funds and Asset Management) and the 2012-2016 editions (Corporate Mid-Market).
  • In every edition of The Best Lawyers in Canada® (Mutual Funds Law) since 2008.