Regulatory Alerts2021-07-28
Added · Updated
Draft Regulation to Amend Regulation 45-102 Respecting Resale of Securities
The securities regulator amends Regulation 45-102 respecting the resale of securities to introduce the Listed Issuer Financing Exemption. This change modifies Appendix E by inserting section 5A.2 into the list of exemptions available for specific resale circumstances. The regulation is designed to facilitate capital raising for listed issuers through a new exemption framework.
REGULATION TO AMEND REGULATION 45-102 RESPECTING RESALE OF SECURITIES Securities Act (chapter V-1.1, s. 331.1, par. (1))
- Appendix E of Regulation 45-102 respecting Resale of Securities (chapter V-1.1, r. 20) is amended by inserting, in the first paragraph and after the bullet “ - section 2.42 [Conversion, exchange or exercise – security of a reporting issuer] for a security being traded in the circumstances referred to in clause (b) of subsection 2.42 (1);” the following: “- section 5A.2 [Listed Issuer Financing Exemption];”.
- This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
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