Share on LinkedInShare on LinkedIn

ARTICLE · 03 AUGUST 2018

CSA Amendments To Simplify Reports Of Exempt Distribution

McCarthy Tétrault
McCarthy Tétrault
Contributor
McCarthy Tétrault

McCarthy Tétrault

Built on a unique model of collaboration, innovation and efficiency, McCarthy Tétrault delivers...

View firm profile
Explore more from McCarthy Tétrault

On July 19, 2018, the Canadian Securities Administrators ("CSA") published final amendments (the "Amendments") to National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") ...

CanadaCorporate/Commercial Law

On July 19, 2018, the Canadian Securities Administrators ("CSA") published final amendments (the "Amendments") to National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") that will amend the report of exempt distribution set out on Form 45-106F1 Report of Exemption Distribution (the "New Report") that must be filed following a distribution of securities in reliance on certain prospectus exemptions under NI 45-106. Filers must start using the New Report for any filings submitted on or after October 5, 2018.

The current version of the report of exempt distribution came into effect on June 30, 2016 (the "Current Report") and requires filers to provide substantially more information than previous versions. As a result, since its introduction, the Current Report has prompted some filers to express concerns and to ask for clarification regarding certain unintended effects of the Current Report.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from