Regulatory Alerts2024-03-28
Amendments to Policy Statement to Regulation 44-103 Respecting Post-Receipt Pricing
Regulatory authorities have amended Policy Statement 44-103 to clarify dealer obligations and purchaser rights regarding access to supplemented PREP prospectuses. The updates define specific delivery exemptions and access procedures across jurisdictions, including Alberta, British Columbia, Quebec, and New Brunswick, while mandating news release filings on SEDAR+. Additionally, the amendments specify that statutory rights of rescission or withdrawal commence upon the purchaser's receipt of the supplemented prospectus and outline the timelines for exercising these rights.
Share