Regulatory Alerts2021-05-20
Regulation to amend Regulation 41-101 respecting General Prospectus Requirements
Canadian securities regulators amended Regulation 41-101 to update prospectus disclosure requirements by replacing references to Aequitas NEO Exchange with NEO Exchange and correcting French terminology for asset-backed securities. The amendments modernize Form 41-101F1 by aligning disclosure obligations with Regulation 51-102, introducing structured guidance for risk factor presentation, and updating definitions for reportable segments and trading price data. Transition provisions establish an effective date based on an issuer's first financial year-end, requiring compliance with the new rules prospectively while allowing continued use of prior requirements until that date.
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