Regulatory Alerts2022-04-14
Policy Statement to Regulation 41-101 Respecting General Prospectus Requirements
Provincial and territorial securities regulatory authorities issued this consolidated policy statement to guide the interpretation and application of Regulation 41-101 regarding general prospectus requirements. The document outlines the interrelationship with other securities legislation, defines key terms such as asset-backed securities, and establishes general requirements including officer experience, underwriter roles, and distribution procedures. It further details regulatory discretion regarding public interest certificates, minimum offering amounts, and the handling of indirect distributions and over-allocation.
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