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Canadian Securities Regulators Propose Harmonized Reporting for the Exempt Market

  • Securities - CSA Image

Aug 13, 2015

On August 13, 2015, the Canadian Securities Administrators (CSA) published for comment proposed amendments to National Instrument 45-106 "Prospectus Exemptions" that would introduce a new harmonized report of exempt distribution.

This single report would apply across Canada for reporting distributions of securities by both investment fund and non-investment fund issuers, as required when relying on certain prospectus exemptions. Currently, there are two different reports that apply across CSA jurisdictions. Further, the proposed report would provide securities regulators with additional information to facilitate regulatory oversight and policy development for the exempt market, and modernize the CSA’s information collection efforts.

The CSA is publishing the current proposed amendments for a 60-day comment period that will end on October 13, 2015.

Review the press release and the Notice outlining the proposed amendments on the CSA members' Web Site.

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