Monday August 17 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Canada
Link: https://www.securities-administrators.ca/aboutcsa.aspx?id=1367
The Canadian Securities Administrators (CSA) published for comment proposed amendments to National Instrument 45-106 Prospectus Exemptions that would introduce a new harmonized report of exempt distribution.
The single report would apply across Canada for reporting distributions of securities by both investment fund and non-investment fund issuers, as required when relying on certain prospectus exemptions. Currently, there are two different reports that apply across CSA jurisdictions. Further, the proposed report would provide securities regulators with additional information to facilitate regulatory oversight and policy development for the exempt market, and modernize the CSA’s information collection efforts.
Two prior proposals by CSA jurisdictions, published February 27, 2014 and March 20, 2014, also contemplated changes to the exempt market reporting regime. Comments received on those prior proposals were taken into consideration when developing the current proposed amendments.
Click on the link above for further details.