Regulatory Alerts2024-01-11
Regulation to Amend Regulation 44-103 Respecting Post-Receipt Pricing
Canadian securities regulators have amended Regulation 44-103 to implement an access model for prospectuses of non-investment fund reporting issuers. The amendments establish procedures allowing issuers to satisfy delivery requirements by providing electronic access to supplemented PREP prospectuses via SEDAR+ rather than physical distribution. The changes also define specific withdrawal and revocation rights for purchasers in various provinces and mandate updated legends on standard term sheets and marketing materials to direct investors to the electronic documents.
Share