Regulatory Alerts2023-06-09
Policy Statement 11-202 Respecting Process for Prospectus Reviews in Multiple Jurisdictions
Canadian securities regulatory authorities, led by the Ontario Securities Commission, have established streamlined procedures for filing and reviewing preliminary and final prospectuses across multiple Canadian jurisdictions. The policy designates a principal regulator to conduct the primary review while coordinating with other passport regulators, distinguishing between standard "passport" and coordinated "dual" prospectus reviews. It mandates specific filing timelines, requires blacklined documents to track changes, and outlines the conditions for issuing preliminary and final receipts, including the OSC's right to opt out of a dual review.
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