Editor
Georgina Blanas
Georgina.Blanas@pcmacanada.com
Design & Production
Arthur Jelilyan | Reactor Communications
reactor@rogers.com
Contributing Authors
Doug Bedard
Georgina Blanas
Matthew Burgoyne
Gabriel J. Carbone
Julie Clarke
Ryan Franzen
Peter-Paul Van Hoeken
A.Neil Hutton
Brian Koscak
Alan Lo
Greg Markell
Geoffrey Ritchie
Marcus Sargent
Jacqueline Syrett
Nick Tsimidis
UNIVERIS ®
Ben Wright
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Private Capital Markets is published by
the Private Capital Markets Association of
Canada. This national industry magazine is
issued bi-annually and features commentary from the leaders in the private capital
markets. All rights reserved. Contents may
not be reprinted without written permission. The opinions expressed in articles are
not necessarily those of the publisher.
Information presented is compiled from
sources believed to be accurate; however,
the publisher assumes no responsibility for
errors or omissions. Articles are not
intended to provide legal, accounting or
compliance advice as individual situations
will differ and should be discussed with a
lawyer, accountant, compliance and/or
other regulatory compliance professional.
Images credit: www.istockphoto.com
IN THIS ISSUE
CONTENTS WINTER 2016-2017 • WWW.PCMACANADA.COM
PRIVATE
CAPITAL
MARKETS
04 Message from PCMA Chair Doug Bedard & PCMA Executive Director Georgina Blanas
06 Angels and Equity Crowdfunding | Let’s Do This Together
10 An Introduction to the Emerging Risk of Privacy Liability
15 PCMA Board of Directors & Staff Members
16 Turn your Compliance Burden into a Business Advantage
18 PCMA Member SPOTLIGHT | Julie Clarke
22 FOUNDING PARTNER SPOTLIGHT | Tips on Reading an “OM”
from the Gurus At McLeod Law LLP
24 Proposed OSC Rule 72-503 Distributions Outside of Canada and Companion Policy 72-503
to OSC Rule 72-503 Distributions Outside of Canada (the “Proposed Rule”)
28 CSA Notice and Request for Comment on Proposed Amendments to NI 31-103, 31-103CP
and NI 33-109 and Related Forms
31 Comments on the Revised Consultation Draft of the Capital Markets Stability Act
34 Highlights from the PCMA Comment Letter on CSA Consultation Paper 33-404
38 Faits saillants de la lettre de commentaires de la PCMA en réponse
au document de consultation 33-404 des ACVM intitulé
42 2016 PCM Private Capital Markets Awards Highlights
44 The Trend in Real Estate as Seen From the Trenches
48 Private Capital Markets - Uniquely Positioned to Help Fund a Turnaround
in the Oil and Gas Industry
50 Tired of the stock market? Consider an investment in the private markets.
52 PCMA Members Benefits
56 The Power of Digital Connectivity. The Time is Now.
58 2016 Private Capital Markets (PCM) Award Winners
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