Regulatory Alerts2021-09-16
Regulation 45-110 respecting Start-up Crowdfunding Registration and Prospectus Exemptions
The Minister of Finance approved Regulation 45-110, which establishes exemptions from dealer registration and prospectus requirements for start-up crowdfunding distributions in Canada. The regulation sets specific conditions for funding portals, including asset segregation, disclosure obligations, and prohibitions on providing investment advice, to facilitate these exempt offerings. It also defines the eligibility criteria for issuers and securities, such as limits on aggregate proceeds and requirements for Canadian head offices, to ensure investor protection within the exempt framework.
Share