Regulatory Alerts2022-11-24
Regulation to amend Regulation 45-106 respecting Prospectus Exemptions
The Minister of Finance approved amendments to Regulation 45-106 to introduce the Listed Issuer Financing Exemption, allowing reporting issuers to distribute securities without a prospectus under specific conditions. The regulation defines "market price" and "published market" while establishing a new Part 5A that sets eligibility criteria, including limits on offering size and dilution, for issuers with listed equity securities. It also mandates the use of Form 45-106F19 as the offering document and grants this form specific legal status as a prescribed disclosure or core document across various Canadian jurisdictions.
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