Regulatory Alerts2025-03-03
Policy Statement to Regulation 41-101 Respecting General Prospectus Requirements
The policy mandates that regulators may refuse prospectus receipts if issuer resources are insufficient or if public interest concerns arise, potentially requiring additional certifications. It provides detailed definitions for terms like asset-backed securities and business days, while clarifying how accounting principles apply to financial statements. Furthermore, it specifies procedures for multiple jurisdiction reviews and restricts the distribution of securities directly to underwriters to maintain market integrity.
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