Canadian Corporate & Securities Lawyer
Word cloud image for the Offering Memorandum Exemption in Canada. The offering memorandum exemption is a prospectus exemption that is available across Canada except Ontario where it is currently under consideration by the Ontario Securities Commission. Certain other jurisdictions in Canada are also looking at changing the offering memorandum exemption by, for example, introducing a […]
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.This provides useful data, albeit Alberta-only data. The key statistics below are taken directly from Annex B Background – Local Experience with […]
Not every type of issuer can raise capital under the existing and proposed Equity Crowdfunding exemptions in Canada. This article discusses the availability of certain proposed and existing Equity Crowdfunding exemptions in Canada for issuers looking to raise capital and the published rationale by certain participating Canadian Securities Administrators (CSA) where such exemptions are proposed […]
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 […]
