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ARTICLE · 12 OCTOBER 2017

The OSC's Prospectus Filing Deadlines – Explained

The Ontario Securities Commission (OSC) has recently reminded issuers of its filing deadlines for prospectuses and the procedures for requesting a prospectus receipt on the day of filing.

CanadaCorporate/Commercial Law

The Ontario Securities Commission (OSC) has recently reminded issuers of its filing deadlines for prospectuses and the procedures for requesting a prospectus receipt on the day of filing.

The OSC's general deadline for filing a preliminary prospectus or a final prospectus is 12:00 pm on any business day in order for a receipt to be issued that same day. The one exception is for a short form preliminary prospectus on a bought deal, in which case the OSC generally applies a 3:00 pm deadline in order for a receipt to be issued on the same day. The OSC notes that issuers on a bought deal should advise the prospectus review officer by email at [email protected] before 12:00 pm on the day of filing that the preliminary prospectus will be filed by 3:00 pm that day. This is a new requirement that applies to all non-shelf prospectus bought deals. The use of the "prospectus review officer" email address (referred to above) for communications regarding

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