On February 28, 2013, the Canadian Securities Administrators
(CSA) published amendments to National Instruments
41-101 General Prospectus Requirements (NI
41-101), 44-101 Short Form Prospectus
Distributions (NI 44-101), 44-102 Shelf
Distributions and 81-101 Mutual Fund Prospectus
Disclosure (collectively, the Amendments). In
addition, amendments to the related companion policies for each of
the foregoing National Instruments were published. The Amendments
come into effect on May 14, 2013.
The Amendments are intended to clarify certain provisions of the
prospectus rules, address gaps in the prospectus rules, modify
certain requirements in the prospectus rules to enhance their
effectiveness, remove/streamline certain requirements in the
prospectus rules that are burdensome for issuers and of limited
utility to securityholders and codify prospectus relief that has
been granted in the past. The purpose of this bulletin is to
highlight the most significant changes to the
