Regulatory Alerts2022-11-23
Regulation 45-106 respecting Prospectus Exemptions
The Canadian Securities Administrators issued Regulation 45-106 to establish uniform prospectus exemption requirements for the distribution of securities across participating jurisdictions. The regulation defines key terms such as accredited investor and eligible investor, setting specific financial thresholds and criteria that allow issuers to trade securities without filing a standard prospectus. It further outlines the specific exemptions available for trades to these qualified parties, family, friends, business associates, and other strategic investors.
Share