Regulatory Alerts2024-04-16
Regulation 44-101 respecting Short Form Prospectus Distributions
The Quebec securities regulator issued Regulation 44-101 to establish the legal framework for qualifying issuers to distribute securities using a short form prospectus. The regulation defines key terms and sets out specific eligibility criteria, including SEDAR+ usage, reporting issuer status, and financial disclosure requirements. It further details alternative qualification paths for issuers of rated non-convertible securities, guaranteed debt, and asset-backed securities based on credit ratings and credit support.
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