Jennifer F. Longhurst

Nov 22, 2023 | mondaq.com | Shane C. D'Souza |Hannah Young |Robert Richardson |Jennifer F. Longhurst

A recent decision from the Ontario Securities Commission ("OSC") provides the first of its kind guidance to market participants on the meaning of the "necessary course of business" ("NCOB") exception to the prohibition against selective disclosure (or "tipping") of material non-public information ("MNPI"). The takeaways from this decision are important for issuers and insiders to consider when relying upon the NCOB exception.