ASC adopts start-up crowdfunding blanket order

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Oct 02, 2019

On October 2, 2019, the Alberta Securities Commission (ASC) adopted Blanket Order 45-521 "Start-up Crowdfunding Registration and Prospectus Exemptions" (the Blanket Order) to eliminate unnecessary barriers to financing, and better facilitate access to capital for start-ups and other small businesses.

This Blanket Order provides an exemption from prospectus and registration requirements to facilitate start-up crowdfunding. Both issuers and registered funding portals can use the Blanket Order. It is also available to unregistered funding portals as soon as they comply with the terms of the registration exemption, which includes receiving confirmation that ASC staff have received all required documents.

Review the press release and the Blanket Order on the ASC's website.

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