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41-101, General Prospectus Requirements

Effective date:

March 8, 2017, except for subsequent amendments.

Published by the CSA:

December 21, 2007

 

Overview

This Instrument harmonizes the general prospectus requirements across Canada.

Recent developments

Date

Development

Comments

January 10, 2013

Amendments

These amendments provide investors with enhanced disclosure about scholarship plans.

The amendments are effective on May 31, 2013.

February 28, 2013

Amendments

These amendments address user feedback and the CSA’s experience with the prospectus rules since the implementation of the general prospectus rule, NI 41-101 in March 2008.

The amendments are effective on May 14, 2013.

May 30, 2013

Amendments

The amendments increase the range of permissible “pre-marketing” and “marketing” activities in connection with prospectus offerings by issuers other than investment funds.

The amendments are effective on August 13, 2013.

June 19, 2014

Amendments

The amendments are part of the CSA’s Modernization of Investment Fund Product Regulation Project.

The amendments are effective on September 22, 2014 and are subject to certain transition periods.

April 9, 2015

Amendments to streamline and tailor disclosure by venture issuers

These amendments are intended to make the disclosure requirements for venture issuers more suitable and manageable for issuers at their stage of development. The Amendments address continuous disclosure and governance obligations as well as disclosure for prospectus offerings.

The amendments are effective on June 30, 2015.

September 3, 2015

Amendments

 The definition of "venture issuer" is amended to recognize "Aequitas NEO Exchange Inc." as a senior exchange. The amendments are effective on November 17, 2015.

December 8, 2016

Amendments

Summary Disclosure Document and Delivery Regime for Exchange-Traded Mutual Funds See Completed project.

Provided all necessary Ministerial approvals are obtained, the amendments will come into force on March 8, 2017. There will be a phased implementation of the requirements. Effective September 1, 2017, ETFs will be required to produce and file an ETF Facts and make it available on the ETF’s or the ETF manager’s website. Dealer delivery obligations related to the ETF Facts will come into effect on December 10, 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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.