Regulatory Alerts2024-01-11
Amendment to Regulation 44-102 Implementing an Access Model for Prospectuses of Non-Investment Fund Reporting Issuers
Canadian securities regulators amended Regulation 44-102 to establish a new access model for shelf prospectus supplements and base shelf prospectuses for non-investment fund reporting issuers. The amendments permit issuers to satisfy delivery requirements by filing documents on SEDAR+ and issuing news releases, while specifying distinct procedural and withdrawal rights for jurisdictions including Alberta, Saskatchewan, British Columbia, Quebec, and New Brunswick. These changes also update related provisions regarding ATM distributions, standard term sheets, and marketing materials to ensure consistent disclosure and access to final base shelf prospectuses.
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