Regulatory Alerts2022-01-06
Policy Statement 11-202 respecting Process for Prospectus Reviews in Multiple Jurisdictions
Canadian securities regulators issued Policy Statement 11-202 to streamline the filing and review of prospectuses across multiple Canadian jurisdictions. The policy designates a principal regulator to conduct the primary review, establishes streamlined "passport" and "dual" prospectus pathways, and mandates specific filing procedures on SEDAR including blacklined documents and fee payments. Upon the principal regulator's approval, a single receipt triggers deemed acceptance in all participating jurisdictions, while providing clear review timelines and opt-out mechanisms for the Ontario Securities Commission to resolve complex issues efficiently.
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