Regulatory Alerts2022-04-07
Draft Regulation to amend Regulation 41-101 respecting General Prospectus Requirements
Canadian securities regulators propose new rules establishing electronic access via SEDAR as sufficient delivery for prospectuses, thereby modernizing distribution requirements. The amendments introduce specific procedures for issuing news releases and granting purchasers statutory rights to withdraw or rescind agreements within two business days of document availability. Additionally, the text updates marketing material legends, road show statements, and contact information for the Quebec securities authority to reflect these digital delivery standards.
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