45-102, Resale of Securities
Effective date: |
November 30, 2001, except for subsequent amendments |
Published by CSA: |
November 23, 2001 |
Overview
The purpose and substance of National Instrument (NI) 45-102 is to harmonize certain provincial and territorial resale restrictions imposed on subsequent trades of securities initially acquired under an exemption from the prospectus requirement. NI 45-102 also takes a harmonized approach to distributions from a control block and to trades in securities of a non-reporting issuer over a foreign exchange or issuer.
Recent developments
Date |
Development |
Comments |
November 23, 2001 |
Issue of Multilateral Instrument, Companion Policy and Forms: NI - 45-102 - Resale of Securities |
On November 23, 2001, the CSA issued Multilateral Instrument, Companion Policy and Forms: NI - 45-102 - Resale of Securities. NI 45-102 comes into force on November 30, 2001. |
March 26, 2004 |
On March 26, 2004, the CSA issued revised Multilateral Instrument 45-102 Resale of Securities, Form 45-102F1 and Other Consequential Amendments. The revised legislation comes into force in Ontario on March 30, 2004. |
|
July 17, 2009 |
Repeal and replacement of NI - 45-102 - Resale of Securities and its related forms and companion policy |
On July 17, 2009, the CSA repealed and replaced NI 45-102 and its related forms and companion policy. The revised NI 45-102 comes into force on September 28, 2009. |
April 30, 2015 | Amendments to NI 45-102 relating to The Accredited Investor and Minimum Amount Investment Prospectus Exemptions | On April 30, 2015 NI 45-102 was amended with respect to The Accredited Investor and Minimum Amount Investment Prospectus Exemptions. The amendment comes into force on May 5, 2015. |
April 30, 2015 | Amendments to NI 45-102 relating to The Family, Friends and Business Associates Prospectus Exemptions |
On April 30, 2015 NI 45-102 was amended with respect to The Family, Friends and Business Associates Prospectus Exemptions. The amendment comes into force on May 5, 2015. |
March 29, 2018 | Amendments to NI 45-102 Resale of Securities Relating to Reselling Securities of Foreign Issuers |
On March 29, 2018 NI 45-102 was amended with respect to Reselling Securities of Foreign Issuers. Provided all necessary regulatory and ministerial approvals are obtained, these will come into force on June 12, 2018. |
Note: The above summary of Recent Developments does not include consequential amendments made as the result of other projects. For further details on the history of this Instrument, please refer to the OSC’s Web site. |
Amendments under consideration
- None