On November 5, 2015 securities regulatory authorities in Manitoba, Ontario, Quebec, New Brunswick and Nova Scotia (Participating Jurisdictions) published in final form the long awaited crowdfunding regime: Multilateral Instrument 45-108 Crowdfunding (Crowdfunding Regime) which includes a crowdfunding prospectus exemption (Crowdfunding Exemption) and a registration framework for funding portals. The
45-312
A New Canadian Prospectus Exemption for Distributions by TSXV Issuers to Existing Security Holders
By Jesse Bertollo on
Posted in Securities Regulatory Authorities
On November 21, 2013, Canadian securities regulators in all jurisdictions except Ontario and Newfoundland published for comment CSA Notice 45-312, which outlines a draft prospectus exemption for distributions to existing security holders (the Proposed Exemption). The Proposed Exemption would provide issuers listed on the TSX Venture Exchange (TSXV) the ability to…