Regulatory Alerts2023-06-01
Regulation to Amend Regulation 45-106 Respecting Prospectus Exemptions
The Québec Minister of Finance, acting on Autorité des marchés financiers recommendations, approves amendments to Regulation 45-106 respecting Prospectus Exemptions to modernize securities distribution reporting. The amendments eliminate outdated definitions like "SEDAR filer" and "qualifying issuer" while mandating that all exempt distribution reports be filed exclusively through the new System for Electronic Data Analysis and Retrieval + (SEDAR+). A fully revised Form 45-106F1 is implemented to standardize issuer identification, currency conversion, security coding, and electronic filing procedures for domestic and foreign issuers.
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