Draft Regulation to amend Regulation 45-108 respecting Crowdfunding

The regulator issued a draft regulation to amend Regulation 45-108 respecting Crowdfunding by modifying Form 45-108F1. The amendment updates Schedule A to require issuers disclosing non-GAAP financial measures in crowdfunding offering documents to comply with Regulation 52-112. This change ensures that specific financial disclosures align with the requirements set out in the referenced non-GAAP disclosure regulation.

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REGULATION TO AMEND REGULATION 45-108 RESPECTING CROWDFUNDING Securities Act (chapter V-1.1, s. 331.1, par. (1))

Form 45-108F1 of Regulation 45-108 respecting Crowdfunding (chapter V-1.1,
r. 21.02) is amended by replacing, in Schedule A and under the heading “Instructions related to financial statement requirements and the disclosure of other financial information”, the last heading and last paragraph with the following:
“Non-GAAP financial measures and other financial measures An issuer that intends to disclose financial measures that are subject to Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure (insert reference) in its crowdfunding offering document should refer to the requirements set out in that Regulation.”.
This Regulation comes into force on (indicate here the date of coming into force of
this Regulation).

Lineage: In force

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Source: Autorite des marches financiers Quebec — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works