Regulatory Alerts2020-02-27
Draft Regulation to Amend Regulation 45-102 Respecting Resale of Securities
The securities regulators have issued a draft regulation to amend Regulation 45-102 respecting the resale of securities. This amendment modifies Appendix D to incorporate a consequential exemption from the prospectus requirement found in section 5 of Regulation 45-110. The new provision applies to issuers in all jurisdictions except Manitoba and is scheduled to come into force on a date to be determined.
REGULATION TO AMEND REGULATION 45-102 RESPECTING RESALE OF SECURITIES Securities Act (chapter V-1.1, s. 331.1, par. (3), (11) and (14))
- Appendix D of Regulation 45-102 respecting Resale of Securities (chapter V-1.1, r. 20) is amended by adding, after paragraph 2 preceding the title “Transitional and Other Provisions”, the following paragraph: “3. Except in Manitoba, the exemption from the prospectus requirement in section 5 [Exemption from Prospectus Requirement for Issuers] of Regulation 45-110 respecting Startup Crowdfunding Registration and Prospectus Exemptions (insert reference).”.
- This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
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