Regulatory Alerts2020-08-31
Policy Statement to Regulation 44-102 Respecting Shelf Distributions
Securities regulatory authorities issued this policy statement to clarify the application of Regulation 44-102 regarding shelf distributions under short form prospectuses. The document outlines liability implications for officers and directors, permits marketing activities before filing supplements, and establishes qualification criteria and receipt effectiveness periods. It further details requirements for novel derivatives, information omissions, and the specific disclosure obligations for shelf prospectus supplements and amendments.
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