Regulatory Alerts2020-08-27
Regulation to amend Regulation 44-102 respecting Shelf Distributions
The Minister of Finance approved the Autorité des marchés financiers' Regulation to amend Regulation 44-102 respecting Shelf Distributions to introduce Part 9 governing at-the-market distributions of equity securities. This new part establishes definitions, exemptions from certain prospectus delivery requirements, and specific conditions for issuers and underwriters, including prohibitions on price stabilization transactions. It also mandates detailed reporting of distribution proceeds and commissions, along with specific certificate wording for base shelf prospectuses and supplements.
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