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ARTICLE · 25 NOVEMBER 2015

OSC Provides Update And Overview Of Exempt Market Developments

On November 5, 2015, the Ontario Securities Commission (OSC) published its Exempt Market Review to provide background on the status of various new prospectus exemptions that it has proposed.

CanadaCorporate/Commercial Law

On November 5, 2015, the Ontario Securities Commission (OSC) published its Exempt Market Review to provide background on the status of various new prospectus exemptions that it has proposed.  The table below provides an overview of the status of these prospectus exemptions in Ontario as set out in the Exempt Market Review.

Prospectus Exemption

Status

Existing security holder exemption

In force in Ontario since February 11, 2015

Friends, family and business associates exemption

In force in Ontario since May 5, 2015

Rights offering exemption

Expected to come into force in Ontario on December 8, 2015

Offering memorandum exemption

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