Regulatory Alerts2024-01-11
Regulation to Amend Regulation 44-101 Respecting Short Form Prospectus Distributions
Canadian securities regulators amended Regulation 44-101 to implement an access model allowing preliminary short form prospectuses to be made available via SEDAR+ rather than physically distributed. The amendments update requirements for standard term sheets, marketing materials, and road show presentations to include specific legends and statements regarding SEDAR+ accessibility and the unfiled status of preliminary documents. Additionally, the changes modify statutory rights of withdrawal and rescission provisions to align the exercise period with the date the prospectus is filed and accessible on SEDAR+.
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