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Amendments to National Instrument 45-102, Resale of Securities [Completed]

Issued: March 29, 2018

Effective date:

Pro­vided all necessary regulatory and ministerial approvals are obtained, these amendments will come into force on June 12, 2018

Last updated:

March 2018

Overview

On March 29, 2018, the Canadian Securities Administrators (CSA) published amendments to National Instrument 45-102, Resale of Securities.

The amendments introduce a new prospectus exemption for the resale of securities (and underlying securities) of a foreign issuer if the issuer is not a reporting issuer in any jurisdiction of Canada, and the resale is on an exchange or a market outside of Canada or to a person or company outside of Canada.

For this purpose, a foreign issuer is an issuer that is not incorporated or organized under the laws in Canada unless the issuer has a head office in Canada or the majority of its directors or executive officers ordinarily reside in Canada.

Provided all necessary regulatory and ministerial approvals are obtained, these amendments will come into force on June 12, 2018.

For further details, see the announcement on the CSA's website and the Notice on the OSC's website.

Recent activities

On March 29, 2018, the Canadian Securities Administrators (CSA) published amendments to National Instrument 45-102 Resale of Securities (and changes to Companion Policy 45-102CP to National Instrument 45-102 Resale of Securities). The amendments introduce a new prospectus exemption for the resale of securities (and underlying securities) of a foreign issuer if the issuer is not a reporting issuer in any jurisdiction of Canada, and the resale is on an exchange or a market outside of Canada or to a person or company outside of Canada.

 

Correction list for hyphenation

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