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The Canadian Securities Administrators, an umbrella group for all provincial securities commissions, will release a proposed new rule in February that will require shareholders to publicly disclose their ownership stakes in a company when it reaches 5 per cent, according to sources familiar with the new standard.
The Canadian Securities Administrators, an umbrella group for all provincial securities commissions, will release a proposed new rule in February that will require shareholders to publicly disclose their ownership stakes in a company when it reaches 5 per cent, according to sources familiar with the new standard.
(Chris Young/THE CANADIAN PRESS)

STREETWISE

Rules aim to make share ownership more transparent

Canada’s securities regulators are preparing to unveil new rules that will make it easier for companies to find out when investors are accumulating large positions in their shares.

The Canadian Securities Administrators, an umbrella group for all provincial securities commissions, will release a proposed new rule in February that will require shareholders to publicly disclose their ownership stakes in a company when it reaches 5 per cent, according to sources familiar with the new standard.