Regulatory Alerts2023-09-13
Securities Regulation
Issued by Quebec’s securities regulator, this regulation establishes comprehensive rules governing the public distribution of securities and ongoing disclosure obligations. It defines qualifying instruments as gilt-edged securities, mandates detailed prospectus content and presentation standards, and requires underwriters or dealers to file distribution reports within fifteen working days. The framework further grants the Authority discretion to require or omit specific disclosures, establishes criteria for deemed distributions, and indexes prescribed fees effective January 1, 2025.
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