Regulatory Alerts2026-07-23
Added · Updated
CSA proposes to codify higher limits for listed issuer financing exemption after strong uptake
The Canadian Securities Administrators proposes to codify increases to the Listed Issuer Financing Exemption (LIFE) limits under National Instrument 45-106, raising the maximum raise from $10 million to $25 million, or up to $50 million for larger companies, within a 12-month period. These amendments also streamline other conditions of the exemption in response to market participant feedback. The proposal is open for public comment until October 21, 2026.
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