Regulatory Alerts2020-06-04
CSA Notice of Publication: Regulation to Amend Regulation 44-102 Respecting Shelf Distributions for At-the-Market Distributions
The Canadian Securities Administrators are amending Regulation 44-102 to replace the historical requirement for issuers to obtain exemptive relief for at-the-market distributions of equity securities. These changes eliminate specific liquidity caps and monthly reporting burdens, thereby reducing regulatory obstacles while maintaining investor protection and market integrity. The amendments are scheduled to become effective on August 31, 2020, subject to necessary Ministerial approvals in various jurisdictions.
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