Regulatory Alerts2023-06-09
Policy Statement to Regulation 44-101 Respecting Short Form Prospectus Distributions
Canadian securities regulatory authorities issued this policy statement to provide guidance on the interpretation and application of Regulation 44-101, which streamlines access to capital markets for qualified issuers through short form prospectus distributions. The document defines key terms such as designated ratings and current annual information filings, while clarifying the interrelationship with continuous disclosure rules, shelf distributions, and post-receipt pricing procedures. It establishes basic and alternative qualification criteria for issuers to file short form prospectuses, emphasizing the necessity of maintaining up-to-date public disclosure records to ensure full, true, and plain disclosure for investors.
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