Regulatory Alerts2025-04-17
Decision No. 2025-PDG-0026: Coordinated General Decision 41-930 Regarding Exemptions from Certain Prospectus and Disclosure Obligations
The Autorité des marchés financiers (AMF) issued Decision No. 2025-PDG-0026 to grant exemptions from specific prospectus and disclosure requirements to reduce capital raising costs and timelines without compromising investor protection. The decision relieves issuers from including historical financial statements for the third most recent year and exempts dealers from including certain marketing materials or summaries in the preliminary prospectus, provided specific price information is disclosed via press release. These exemptions apply to various documents including prospectuses, proxy circulars, and takeover bid notices, effective April 17, 2025.
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