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ARTICLE · 30 DECEMBER 2015

Enhanced Blanket Relief In Connection With MI 51-105 Brought Into Force In 2015

We have summarized the blanket relief available under MI 51-105, as of today, in the chart below.

CanadaCorporate/Commercial Law

As we approach the end of the year, we have summarized some key developments in 2015 with respect to blanket relief issued in connection with Multilateral Instrument 51-105 Issuers Quoted on the U.S. Over-the-Counter Markets (MI 51-105 or the Instrument).  We saw enhanced relief emerge in 2015 as blanket orders issued in British Columbia, Nova Scotia, New Brunswick, Yukon and Saskatchewan allow distributions to permitted clients to be exempt from MI 51-105 obligations under certain conditions. We have summarized the blanket relief available under MI 51-105, as of today, in the chart below. 

Jurisdiction

Blanket Order

Date

P.C. Relief

Exchange Relief

Debt Securities Relief

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