Canadian Securities Regulators propose changes to the accredited investor and minimum amount investment prospectus exemptions

  • Securities - CSA Image

Feb 27, 2014

On February 27, the Canadian Securities Administrators published for comment proposed amendments relating to the accredited investor prospectus exemption and the minimum amount investment prospectus exemption in National Instrument 45-106, Prospectus and Registration Exemptions.

The proposed amendments include, among other things:

  1. a new risk acknowledgement form for individual accredited investors that describes, in plain language, the categories of individual accredited investor, and the protections an investor will not receive by purchasing under the AI exemption; and
  2. restricting the MA exemption to distributions to non-individual investors.

The comment period is open until May 28, 2014.

Read the proposals.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.