Amendments to National Instrument 45-106: Prospectus Exemptions that would amend the Report of Exempt Distribution [Completed]
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Effective date: |
Provided all necessary ministerial approvals are obtained, the amendments will come into force on October 5, 2018. |
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Last updated: |
July 2018 |
Overview
On July 19, 2018, the Canadian Securities Administrators (CSA) published its final amendments to National Instrument 45-106 Prospectus Exemptions, which revise Form 45-106F1 Report of Exempt Distribution (the Report). The CSA also made a related change to Companion Policy 45-106CP Prospectus Exemptions.
Issuers and underwriters who rely on certain prospectus exemptions to distribute securities are required to file the Report within the prescribed timeframe. The amendments aim to provide greater clarity and flexibility regarding the certification requirement of the Report and streamline certain information requirements, while still providing regulators with the information necessary for oversight and policy development.
Provided all necessary ministerial approvals are obtained, the amendments will come into force on October 5, 2018.
Review the press release on the CSA's website and the final amendments on the CSA members' website.
Other developments
July 2018
On July 19, 2018, the CSA published its final amendments to National Instrument 45-106 Prospectus Exemptions, which revise Form 45-106F1 Report of Exempt Distribution (the Report).
June 2017
On June 8, 2017, the CSA published for comment proposed amendments to National Instrument 45-106 Prospectus Exemptions that would amend the report of exempt distribution set out in Form 45-106F1 Report of Exempt Distribution.