Regulatory Alerts2021-06-23
Regulation to Amend Regulation 45-102 Respecting Resale of Securities
The Quebec securities regulator amends Regulation 45-102 to incorporate a prospectus exemption for start-up crowdfunding offerings under Regulation 45-110. This amendment applies across Canada except in Manitoba, allowing issuers to rely on the new exemption for resale purposes. The regulation generally comes into force on September 21, 2021, with a delayed effective date for Saskatchewan filings submitted after that date.
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