Regulatory Alerts2022-01-06
Policy Statement to Regulation 41-101 Respecting General Prospectus Requirements
Provincial and territorial securities regulatory authorities issue this policy to interpret and apply the provisions of Regulation 41-101 regarding general prospectus requirements. The document outlines the interrelationship with other securities legislation, including continuous disclosure and short form prospectus distributions, while defining key terms such as asset-backed securities and business days. It establishes general requirements for prospectus filings, including assessments of officer experience, underwriter roles, indirect distributions, over-allocation practices, and the regulator's discretion to request certificates in the public interest.
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