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ARTICLE · 25 SEPTEMBER 2023

CSA Proposes Amendments To Well-Known Seasoned Issuer Program

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On September 21, 2023, the Canadian Securities Administrators (CSA) published a notice and request for comment regarding proposed amendments to National Instrument 44-102 – Shelf Distributions...

CanadaFinance and Banking
William Gorman
William Gorman
Matthew Prager
Matthew Prager
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On September 21, 2023, the Canadian Securities Administrators (CSA) published a notice and request for comment regarding proposed amendments to National Instrument 44-102 – Shelf Distributions ("NI 44-102") and certain other consequential amendments (the "Proposed Amendments"). The Proposed Amendments are intended to make permanent (with certain modifications) the expedited base shelf prospectus regime for well-known seasoned issuers (WKSIs) in Canada that has been in effect since January 2022 (see our December 10, 2021 Update, CSA Introduces Well-Known Seasoned Issuer Program) (the "WKSI Program").

The public comment period for the Proposed Amendments will expire on December 20, 2023.

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