Regulation to amend Regulation 45-108 respecting Crowdfunding

The regulator amended Regulation 45-108 respecting Crowdfunding to update Form 45-108F1 regarding financial statement disclosures. The revision replaces instructions on non-GAAP financial measures by directing issuers to comply with the requirements of Regulation 52-112. This regulatory change officially comes into force on August 25, 2021.

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REGULATION TO AMEND REGULATION 45-108 RESPECTING CROWDFUNDING Securities Act (chapter V-1.1, s. 331.1, par. (1))

Form 45-108F1 of Regulation 45-108 respecting Crowdfunding (chapter V-1.1,
r. 21.02) is amended by replacing, in Schedule A and under the heading “Instructions related to financial statement requirements and the disclosure of other financial information”, the last heading and last paragraph with the following:
“Non-GAAP financial measures and other financial measures An issuer that intends to disclose financial measures that are subject to Regulation 52-112 respecting Non-GAAP and Other Financial Measures Disclosure (insert reference) in its crowdfunding offering document should refer to the requirements set out in that Regulation.”.
This Regulation comes into force on August 25, 2021.

Lineage: In force

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Source: Autorite des marches financiers Quebec — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works