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Tim Phillips

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Representative matters include acting on behalf of and advising:

REGULATORY MATTERS

  • Dealers, asset managers and fund sponsors on Canadian regulatory requirements, including dealer and portfolio manager registration requirements, acquisitions of regulated entities and IIROC’s universal market integrity rules

  • Clearinghouses, trade associations and various other U.S., Canadian and international market participants in connection with OTC derivatives trading documentation and regulatory reform initiatives, including Canada’s mandatory clearing, margin, trade reporting and customer collateral protection regimes and proposed registration and business conduct rules

  • Banks, clearinghouses and custodians on netting and collateral matters (including formal legal opinions) under ISDA, GMRA, GMLSA, MRA and other master agreements, and in connection with admitting Canadian residents as clearinghouse members

  • U.S. and European trading platforms and clearing agencies in connection with admitting Canadian resident entities as participants/members

  • Numerous U.S. and European broker-dealers on disclosure, dealer registration and bank regulatory requirements related to extending global offerings into Canada

TRANSACTIONS

  • Cboe Global Markets, Inc. on the regulatory aspects of its proposed acquisition of Neo Exchange

  • Cboe Global Markets, Inc. on the regulatory aspects of its acquisition of MATCHNow, a Canadian alternative trading system

  • Perella Weinberg Partners on the Canadian regulatory aspects of its US$975-million de-SPAC merger transaction with FinTech Acquisition Corporation IV

  • Mackenzie Financial Corporation on the regulatory aspects of its joint venture with Great-West Lifeco Inc. and their acquisition of a 49.9 per cent non-controlling interest and 70 per cent economic interest in Northleaf Capital Partners

  • Mackenzie Financial Corporation on its acquisition of Greenchip Financial Corp.

  • Various issuers and dealers on “at-the-market” equity distribution programs and related regulatory requirements

  • The underwriters in connection with the C$1.8-billion initial public offering of common shares of Hydro One Limited and subsequent follow on offerings

  • Lundin Petroleum AB, a Swedish oil and gas company, in connection with the cross-border spin-off and TSX listing of its Canadian subsidiary, International Petroleum Corporation

  • A major U.S. financial institution in connection with C$3-billion of maple bond offerings and numerous other private placements of debt and preferred stock in Canada

  • A major international financial institution in connection with a C$200-million collateral transformation transaction, including the issuance of an amortizing maple bond

  • A senior U.S. public issuer in connection with its C$750-million maple bond offering

  • Pattern Energy Group Inc. in a public offering of class A common shares in the U.S. and Canada under the "northbound" MJDS, raising proceeds of over US$260-million

Awards & Recognition
  • Thomson Reuters Stand-out Lawyer 2021 – Independently Rated Lawyers (As nominated by senior in-house counsel)

Professional Activities

Tim has taught international securities regulation for the L.L.M. program at Osgoode Hall Law School and authored articles for industry and academic publications.

Education
Admitted to the Ontario Bar - 2015
Admitted to the New York Bar - 2010
J.D., Osgoode Hall Law School - 2009
B.Com. (Hons.), Queen's University - 2003
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