Canadian Corporate & Securities Lawyer
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 […]
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 […]
By: Brian Koscak, Jonathan Fleisher, Alison Manzer and Michael Brown The Canadian Securities Administrators (the CSA) have published for comment proposed amendments (the 2014 Proposals) to National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106). The 2014 Proposals seek to: amend the existing prospectus exemption relating to short-term debt securities by imposing different credit rating […]
By: Brian Koscak, Alison Manzer, Jonathan Fleisher and Michael Brown The Canadian Securities Administrators (the CSA) have published for comment proposed amendments (the 2014 Proposals) to National Instrument 45-106 Prospectus and Registration Exemptions . The 2014 Proposals seek to amend the existing prospectus exemption for short-term debt securities by imposing different credit rating requirements and […]
