Regulatory Alerts2024-04-16
Policy Statement to Regulation 44-103 Respecting Post-Receipt Pricing
Canadian securities regulatory authorities issued this policy statement to provide guidance on the implementation of Regulation 44-103, which establishes procedures for post-receipt pricing distributions. The document clarifies that issuers may use these procedures to distribute securities without being restricted to short form prospectus eligibility, while outlining specific requirements for prospectus amendments, electronic filings via SEDAR+, and jurisdictional variations in delivery obligations. It further details the conditions under which dealers may satisfy delivery requirements by providing access to supplemented prospectuses and defines the statutory timelines for purchaser rights of rescission or withdrawal.
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