Amendments to OSC Rule 45-501 Ontario Prospectus and Registration Exemptions

1. Ontario Securities Commission Rule 45-501 Ontario Prospectus and Registration Exemptions is amended by this Instrument.

2. Section 5.1 is amended by deleting "and" at the end of paragraph (f.2), and by adding the following paragraph:

(f.3) section 5A.2 of NI 45-106, and.

3. The following subsection is added after subsection 5.2(1.1):

(1.2) For the purposes of section 130.1 of the Act, the method of furnishing or delivering an offering document under section 5A.2 of NI 45-106 to a prospective purchaser includes making the offering document available in accordance with paragraph 5A.2(l) of NI 45-106..

4. Subsection 5.4(2) is replaced by the following:

(2) The requirement in subsection (1) does not apply to an offering memorandum prepared and filed with the Commission in accordance with section 2.9 of NI 45-106, section 5A.2 of NI 45-106, Multilateral Instrument 45-108 Crowdfunding, or National Instrument 45-110 Start-up Crowdfunding Registration and Prospectus Exemptions..

5. Section 3.5, as added by the Instrument dated February 18, 2021, is amended by renumbering it as section 4A.1 and inserting the following heading after Part 3:

Part 4A Registration Exemptions for Mortgages.

6. This Instrument comes into force on November 21, 2022.