On October 5, 2018, amendments to National Instrument 45-106 Prospectus
Exemptions (NI 45-106) and its Companion Policy (the
Amendments) came into force. The Amendments are intended to
streamline Form 45-106F1, the Report of Exempt
Distribution, which must be filed following a distribution of
securities in reliance on certain prospectus exemptions set out in
NI 45-106 and section 73.3 of the Securities Act
(Ontario). The new Form 45-106F1 must be used on and after October
5, 2018 by all issuers, whether investment funds or otherwise.
The Amendments include the following changes, among others:
- Certification: If authorized to do so, an
agent may now certify Form 45-106F1 on behalf of an investment
fund.
