Regulatory Alerts2024-03-28
Amendments to Policy Statement to Regulation 41-101 respecting General Prospectus Requirements
The Canadian securities regulators amended Policy Statement 41-701 to clarify the revocation of purchase timelines in Alberta and to update references to Regulation 44-103. The amendments insert new section 2.12 detailing how Alberta's Securities Act interacts with Regulation 41-101 Part 2A access procedures for prospectus delivery. Additionally, the text expands on Part 2A by defining delivery obligations, purchaser withdrawal rights, and news release requirements for providing access to preliminary and final prospectuses across various jurisdictions.
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