Regulatory Alerts2020-08-27
Amendments to Policy Statement to Regulation 44-102 respecting Shelf Distributions
Securities regulatory authorities have amended Policy Statement 44-102 to establish Part 5, which governs at-the-market distributions of equity securities under shelf prospectuses. The amendments mandate specific cover page disclosures, outline factors for assessing material changes, and permit designated news releases to satisfy continuous disclosure requirements. A transition period exempts existing prospectuses filed before August 31, 2020, from the new cover page disclosure obligations.
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