Regulatory Alerts2021-08-25
Added · Updated
Regulation 45-108 respecting Crowdfunding
Securities regulators in Canada issued Regulation 45-108 to establish a prospectus exemption for eligible crowdfunding issuers distributing eligible securities through registered funding portals. The regulation imposes strict limits on investor acquisition costs, caps aggregate proceeds at $1.5 million per 12-month period, and mandates specific disclosure documents, certificates, and withdrawal rights. It further requires ongoing financial reporting and prohibits general solicitation or lending arrangements to purchasers during the distribution.
More like this from AMF
AMF published 2 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share