The Canadian Way – Your Guide to Canada's Securities
Laws
Volume 1, Number 6 – September 10, 2013
Have you heard that Canadian wrappers are a thing of the past
and can be relegated to the dustbin of history? If that's what
you've heard, then you've heard wrong. Canadian wrappers
are often still required. And even though you sometimes do not need
a Canadian wrapper anymore, you still have to comply with a host of
other requirements when selling securities into Canada.
What Is a Canadian Wrapper?
A Canadian wrapper is a short supplement that is attached to (or
wrapped around) a U.S. or other non-Canadian prospectus or offering
memorandum to help achieve compliance with some of the requirements
for private placements of securities to Canadian investors. It is
used to convey prescribed supplemental information for Canadian
compliance purposes and to obtain deemed representations and
warranties from the investor about its eligibility to purchase
securities under a
