Regulatory Alerts2020-11-18
Policy Statement to Regulation 44-101 Respecting Short Form Prospectus Distributions
Provincial and territorial securities regulatory authorities issued this policy to provide guidance on the interpretation and application of Regulation 44-101, which establishes substantive tests for qualified issuers to access Canadian capital markets via short form prospectuses. The document clarifies the interrelationship with other securities regulations, defines key terms such as designated ratings and successor issuers, and outlines the continuous disclosure obligations required to maintain qualification. It further details the basic and alternative qualification criteria for filing short form prospectuses, including provisions for bought deals, shelf distributions, and asset-backed securities.
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