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ARTICLE · 13 APRIL 2021

AB And SK Adopt Self-Certified Investor Prospectus Exemption

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Alberta and Saskatchewan have adopted the Self-Certified Investor Prospectus Exemption designed to provide issuers greater access to capital and broaden investment...

CanadaFinance and Banking
Jessica Zhang
Jessica Zhang
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Alberta and Saskatchewan have adopted the Self-Certified Investor Prospectus Exemption designed to provide issuers greater access to capital and broaden investment opportunities for Alberta and Saskatchewan.

On March 31, 2021, the Alberta Securities Commission and the Financial and Consumer Affairs Authority of Saskatchewan (collectively the "Regulators") adopted a new Self-Certified Investor Prospectus Exemption (the "Exemption") which allows investors who attest to having a certain level of financial and investment knowledge to participate in exempt distributions.

The Regulators are implementing the Exemption on a three-year interim basis, from March 31, 2021, to April 1, 2024, for securities distributed by issuers in Alberta and Saskatchewan to investors in Alberta and Saskatchewan.

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