2024-01-11
Added · Updated
Canadian securities regulators have amended Regulation 41-101 to implement an access model for prospectuses of non-investment fund reporting issuers, allowing electronic delivery via SEDAR+ to satisfy distribution requirements in most jurisdictions. The amendments establish specific procedures for providing access to documents, including mandatory news releases on SEDAR+, and define the timing for delivery, receipt, and purchaser rights of withdrawal or rescission. Additionally, the update modifies marketing material and road show disclosure obligations to reflect the new electronic access model and updates contact information for various provincial securities authorities.
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