Canadian Corporate & Securities Lawyer
On March 20, 2014, the Alberta Securities Commission (the ASC) published statistics about the use of the offering memorandum exemption in s. 2.9 of National Instrument 45-106 Prospectus and Registration Exemptions (the OM Exemption) for the Province of Alberta. Unfortunately, there is no national database where all this information exists for each Canadian jurisdiction. Not […]
This is Part II of my article titled “Offering Memorandum Exemption Finally Proposed in Ontario! Other Regulators Also Mulling Changes. ” This article discusses some of the issues and concerns about the proposed changes to the OM Exemption contemplated by certain Canadian securities regulators. Capitalized terms not otherwise defined in this article have been defined in Part […]
On March 20, 2014, the Ontario Securities Commission (the OSC) published for comment a long awaited proposal for a new offering memorandum exemption in Ontario based on a variant of the Alberta model as set out in Section 2.9 of National Instrument 45-106 Prospectus and Registration Exemptions (the OM Exemption). On the same date, Canadian […]
On March 20, 2014, the Canadian Securities Administrators created significant buzz by proposing rules which would allow investors in large parts of the country to participate in equity crowdfunding. Securities regulators in each of Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec and Saskatchewan (the Participating Jurisdictions) published for comment proposed Multilateral Instrument 45-108 Crowdfunding Prospectus […]
Andrea Seidt, the President of North American Securities Administrators Association (NASAA), gave the keynote speech on April 1, 2014 at the Securities Industry and Financial Markets Association (SIFMA) Conference in Florida. One of the themes highlighted in her speech was the increasing number of private offerings that are sold to investors without any registered intermediary involvement […]
