2nd Advanced Securities Compliance Course

November 17th, 2008

On September 15, 2008, Penny Green, the principal of Bacchus Corporate and Securities Law was a speaker at a panel of leading securities professionals of the 2nd Advanced Securities Compliance Course which took place at Pan Pacific Vancouver Hotel. Among other speakers were Mark L. Skwarok of Lang Michener LLP, Adrianne Marskell of British Columbia Securities Commission, Jeffrey A. Read of Fraser Milner Casgrain LLP, Harjit S. Sangra of Sangra Moller LLP, Fred R. Pletcher of Borden Ladner Grevais LLP, Patrick J. Sullivan and Robert W. Taylor of Taylor Veinotte Sullivan, Douglas Garrod of Global Securities Corporation. The presenters’ topics focused on different aspect of securities compliance, including best practices for continuous disclosure, compliance policy in the situations of takeover bids and internal investigations.

In her presentation entitled “Managing a Cross-Boarder Securities Compliance Program”, Penny discussed the framework of cross-boarder requirements for compliance and ethics program, the challenges placed on cross-boarder and small companies, and the approaches and steps to be taken by the companies to ensure implementation of effective securities compliance programs guiding multiple aspects of their day-to-day business activities, including investor relations,disclosure and education. Penny further addressed the implications of the new BC instrument BCI 51-509 Issuers Quoted in The U.S. Over-the-Counter Markets for smaller reporting companies and their compliance policies, pointing out the importance of a balance between investor protection that the instrument is intended to achieve on one hand, and unfortunate hardships placed on legitimate small businesses for whom the cost of compliance is potentially prohibitive.