Regulatory Alerts2021-07-01
Regulation 45-106 respecting Prospectus Exemptions
Canadian securities regulatory authorities issued Regulation 45-106 to establish exemptions from the prospectus requirement for the distribution of securities under the Securities Act. The regulation defines key terms such as accredited investor, eligible investor, and various financial instruments to determine which parties and transactions qualify for these exemptions. It sets out specific conditions and criteria that issuers and investors must meet to rely on these exemptions without filing a standard prospectus.
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