May 18, 2016
By: Jeff Hergott & Ragu Anantharajah
On April 7, 2016, the Canadian Securities Administrators (“CSA”) published Notice of Amendments to National Instrument 45-106 Prospectus Exemptions, including related changes to Companion Policy 45-106 Prospectus Exemptions (collectively, the “Amendments”). The Amendments introduce a new harmonized report of exempt distribution (the “New Report”) and significantly expand the disclosure that is currently required to be included when reporting on certain prospectus exempt distributions that occur in all CSA jurisdictions, other than British Columbia where certain of the new disclosure requirements are already in place. The New Report will replace the current Form 45-106F1...
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