Canadian Corporate & Securities Lawyer
On January 15, 2014, the Rotman School of Management at the University of Toronto held a half day conference on Equity Crowdfunding in Canada. The conference was about the evolution of Equity Crowdfunding in the Canadian capital markets. Here is the link to the event calendar where you can access the webinar. It is under “2014” […]
This is a follow-up to a recently posted blog on January 30, 2014 titled, “Changes Proposed for Exempt Offerings of Short-Term Debt and Securitized Products in Canada.” The designated rating provision under the existing Short-Term Debt Exemption in Section 2.35 of National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106) requires an issuer of short-term […]
The Canadian Securities Administrators (the “CSA”) have published for comment proposed amendments (the “Proposal”) to National Instrument 45-106 Prospectus and Registration Exemptions (“NI 45-106”). The Proposal seeks to: amend the existing prospectus exemption relating to short-term debt securities (the “Short-Term Debt Exemption”); and create a new prospectus exemption for the sale of short-term securitized products […]
By Brian Koscak and Alixe Cormick The offering memorandum exemption (the OM exemption) in Section 2.9 of National Instrument 45-106 Prospectus and Registration Exemptions (NI 45 106) allows issuers to sell to anyone regardless of their income, net worth, investment amount, or relationship to the principles of the issuer. Everyone an issuer could solicit in […]
December has just arrived and the year is almost over. Many capital market participants are waiting for the Ontario Securities Commission (the OSC) to publish a draft of the proposed prospectus exemptions it is considering as previously published on August 28, 2013 (See OSC Notice 45-712 Progress Report on Review of Prospectus Exemptions to Facilitate […]
