New rules will come into force on June 30, 2016, that will
affect the reporting of private placement transactions by
investment funds.
One harmonized form
Effective June 30, 2016, there will be one form of trade report
(New Form 45-106F1) to be filed with all Canadian securities
regulators where a distribution of securities occurs in reliance on
certain prospectus exemptions. Currently Form 45-106F1 must be
filed in all Canadian jurisdictions except British Columbia, where
a Form 45-106F6 must be filed. A harmonized form is welcomed but
investment funds and their managers should be aware that more
information about both the investor and the fund will be
required.
In all Canadian jurisdictions other than British Columbia and
Ontario, issuers (except certain foreign issuers) will file New
Form 45-106F1 on SEDAR. Subject to the next sentence, the
securities regulators in British Columbia and Ontario will require
New Form 45-106F1 to be filed through the
