On February 28 2003, the Ontario Securities Commission published for comment proposed amendments to Rule 61-501 – Insider Bids, Issuer Bids, Going Private Transactions and Related Party Transactions and Companion Policy 61-501CP. According to the OSC, the proposed amendments are primarily intended to clarify grey areas, reduce the necessity for applications for exemptive relief and generally make the Rule more “user-friendly”.

type Securities & Capital Markets Bulletin - Ontario Securities Commission Proposes Amendments to Rule 61-501 - Insider Bids, Issuer Bids, Going Private Transactions and Related Party Transactions