Regulatory Alerts2023-06-09
CSA Staff Notice 43-310 (Revised): Confidential Pre-File Review of Prospectuses for Non-Investment Fund Issuers
The Canadian Securities Administrators have introduced a harmonized process allowing non-investment fund issuers to confidentially pre-file prospectuses for full regulatory review before public submission. This initiative aims to reduce market uncertainty and delays by enabling staff to identify and resolve material issues prior to the official filing of the preliminary prospectus. The notice details eligibility criteria, required documentation, submission procedures via SEDAR+, and applicable fees, while specifying that investment fund issuers must continue using the existing pre-filing process.
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