Capital Markets Adjudicators’ Policy Forum

Business Trigger Test: Reconciling Guidance with the Real World

Oct
30
2025

Date: October 30, 2025

The Capital Markets Tribunal announces that it recently hosted a policy forum that featured leading experts on emerging issues in the capital markets, representing diverse points of view. The primary audience for the policy forum consisted of appointed adjudicators in Ontario, Québec and New Brunswick, who sit on independent tribunals and who do not participate in policy-making or other securities regulation activities. Other attendees included appointed members of Canadian securities
regulators, who conduct both adjudicative and regulatory functions.

The purpose of the policy forum was to help educate the adjudicators on the following issues that may come before the tribunals:

The “business trigger” in Companion Policy 31-103CP: reconciling regulatory guidance with real-world capital-raising

  • crypto assets
  • artificial intelligence
  • take-over bids and shareholder rights
  • how the markets operate today

Register for Event

Offices

  • Toronto

    • Professionals

  • Geoffrey Cher

    • Speakers

    Geoffrey Cher

    Geoffrey Cher

    Speaker

    Geoffrey Cher is a Partner at Mintz with a multifaceted corporate practice focused on financial services, technology, alternative assets, and the digital economy. He advises clients on structuring and formation, compliance and regulatory matters, corporate governance, registration, capital raising, and related transactions. His clients include issuers, a broad spectrum of traditional and alternative financial services entities, and Canadian and US companies or financial sponsors seeking cross-border expansion.