Regulatory Alerts2022-04-07
Draft Regulation to amend Regulation 44-103 respecting Post-Receipt Pricing
Canadian securities regulators propose amendments to Regulation 44-103 to establish new rules for accessing and delivering supplemented PREP prospectuses. The draft introduces an 'access equals delivery' mechanism where filing documents on SEDAR and issuing a news release satisfies delivery requirements, subject to specific provincial variations in British Columbia and Saskatchewan. It also mandates updated legends on standard term sheets, marketing materials, and road show presentations to ensure investors are directed to the full disclosure documents on SEDAR.
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