A Q&A guide to debt capital markets law in Canada.

The Q&A gives a high-level overview of the main restrictions on offering and selling debt securities, market activity, trends and deals. It covers the structures used for debt securities issues to the public and to professional investors, the main debt securities markets/exchanges, and the main regulators of the debt capital markets. The main listing requirements for debt securities are included, together with the applicable continuing obligations. The advisers used and main documents produced when issuing and listing debt securities are covered, along with the requirements for, and exemptions from, publication/delivery of a prospectus. The prospectus content and disclosure requirements are included, along with the rules concerning liability for the prospectus contents. The timetable and main tax issues for issuing and listing debt securities are also covered, together with the clearing and settlement of debt securities and proposals for reform