Regulatory Alerts2023-09-21
CSA Notice of Consultation: Draft Regulation to Amend Regulation 44-102 Respecting Shelf Distributions Relating to Well-known Seasoned Issuers
The Canadian Securities Administrators are proposing amendments to Regulation 44-102 to establish an expedited shelf prospectus regime for well-known seasoned issuers. This regime permits eligible issuers to file final base shelf prospectuses without preliminary review and receive automatic receipts effective for 37 months. The changes aim to reduce regulatory burdens for mature issuers while maintaining investor protection through annual qualification reassessments and specific disclosure requirements.
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