On March 31st, the Canadian Securities Administrators released proposed amendments to the Multilateral Instrument and National Instrument that govern takeover and issuer bids.  If adopted, the proposals will make significant changes to certain aspects of the current rules.  In particular, the proposals will add a minimum tender requirement and extend the period for which bids must remain open.

Members of our securities law team from across Canada have prepared an excellent commentary on the proposals.  To access their commentary, click here.