CSA Proposed Amendments To Expedited Shelf Prospectus Program

On September 21, 2023, the Canadian Securities Administrators ("CSA") published a request for comments on proposed amendments to National Instrument 44-102 - Shelf Distributions,Companion Policy 44-102CP - Shelf Distributions and National Policy 11-202 - Prospectus Reviews in Multiple Jurisdictions (collectively, the "Proposed Amendments") to create a permanent expedited shelf prospectus regime for "well-known seasoned issuers" ("WKSIs"). The Proposed Amendments are intended to foster capital-raising by WKSIs in the public markets ‎and aim to reduce the unnecessary regulatory burden for issuers that are well-known reporting issuers and have a strong market following, a complete public disclosure record and sufficient public equity. The Proposed Amendments follow a trial period implemented by the CSA in December 2021 through a series of local blanket orders (the "Blanket Orders").