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ARTICLE · 02 AUGUST 2011

CSA Publishes Proposed Amendments To Prospectus Requirements

Blake, Cassels & Graydon LLP
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The Canadian Securities Administrators (CSA) have proposed amendments to the prospectus requirements under Canadian securities laws, as well as certain consequential amendments to other rules.

CanadaStrategy
Brendan Reay
Brendan Reay
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Copyright 2011, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Securities, July 2011

Highlights

  • Proposed changes to clarify and streamline prospectus rules and codify certain previously granted prospectus relief
  • Proposed changes to personal information forms of directors and officers and a proposed requirement that non-Canadian directors attorn to Canadian jurisdiction
  • Additional disclosure regarding use of proceeds of best-efforts offering
  • Additional disclosure requirements proposed for investment funds
  • The proposed amendments are open for comment until October 14, 2011

The Canadian Securities Administrators (CSA) have proposed amendments to the prospectus requirements under Canadian securities laws, as well as certain consequential amendments to other rules. The proposed amendments largely clarify and streamline certain provisions of the current prospectus rules and codify certain types of prospectus relief that have

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