Regulatory Alerts2025-08-28
Regulation to Amend Regulation 44-102 Respecting Shelf Distributions
Canadian securities regulators have amended Regulation 44-102 to introduce Part 9B, establishing a new framework for Well-Known Seasoned Issuers to file base shelf prospectuses. The amendment defines eligibility criteria based on public equity or debt thresholds and imposes strict requirements regarding issuer history, financial standing, and compliance. It further streamlines the distribution process by extending the receipt lapse date in Ontario to 37 months and exempting eligible issuers from preliminary prospectus filing and certain disclosure obligations.
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