Regulatory Alerts2019-02-21
CSA Staff Notice 45-324 – Update on the Start-up Crowdfunding Registration and Prospectus Exemptions
The Canadian Securities Administrators are developing a national instrument to replace the existing start-up crowdfunding registration and prospectus exemptions that expire on May 13, 2020. To accommodate the timeline for this new national instrument, participating jurisdictions expect to amend their current exemption orders to remain available for issuers and funding portals until the new rules are adopted. This extension ensures continuous access to crowdfunding capital raising tools for start-ups and early stage businesses during the transition period.
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