Regulatory Alerts2023-03-23
Securities Regulation
The Quebec government, acting under the Securities Act, issued this regulation to standardize public securities distributions, prospectus requirements, and ongoing disclosure obligations. It mandates that issuers file distribution reports within fifteen working days, permits unconsolidated financial statements, and grants the Authority discretion to require or omit specific prospectus data based on investor protection needs. Furthermore, it establishes objective criteria for designating issuers as having made public distributions and requires corporate officers and directors to complete designated personal information forms.
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