Regulatory Alerts2022-09-08
Regulation to Amend Regulation 45-102 Respecting Resale of Securities
The securities regulators amended Regulation 45-102 respecting the resale of securities to introduce the Listed Issuer Financing Exemption. This change modifies Appendix E by inserting a reference to section 5A.2, thereby allowing specific securities to be traded under the new exemption framework. The regulation generally came into force on November 21, 2022, with a specific filing-based effective date provision for Saskatchewan.
REGULATION TO AMEND REGULATION 45-102 RESPECTING RESALE OF SECURITIES Securities Act (chapter V-1.1, s. 331.1, par. (1))
- Appendix E of Regulation 45-102 respecting Resale of Securities (chapter V-1.1, r. 20) is amended by inserting, in the first paragraph and after the bullet “ - section 2.42 [Conversion, exchange or exercise – security of a reporting issuer] for a security being traded in the circumstances referred to in clause (b) of subsection 2.42 (1);” the following: “- section 5A.2 [Listed Issuer Financing Exemption];”.
- (1) This Regulation comes into force on 21 November 2022. (2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after 21 November 2022, this Regulation comes into force on the day on which it is filed with the Registrar of Regulations.
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