Part II – Canadian Securities Regulators Propose New ‘Asset Backed Commercial Paper’ Exemption

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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 […]

Changes Proposed for Exempt Offerings of Short-Term Debt and Securitized Products in Canada

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 […]