Regulatory Alerts2021-05-20
Draft Regulation to amend Regulation 44-101 respecting Short Form Prospectus Distributions
The securities regulators amend Regulation 44-101 to align short form prospectus distribution requirements with the new annual disclosure statement framework introduced under Continuous Disclosure Obligations. The amendments update definitions of current AIFs and financial statements, replace references to the Aequitas NEO Exchange with NEO Exchange Inc., and revise Form 44-101F1 to incorporate new disclosure rules for risk factors and asset-backed securities. These changes ensure that issuers utilize the correct terminology and reporting structures when filing short form prospectuses, with compliance required from each issuer's effective date.
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