Canadian Securities Regulators Introduce Harmonized Reporting for the Prospectus-Exempt Mar

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April 8, 2016

The Ontario Securities Commission published in final form a new, harmonized report of exempt distribution that will apply across the Canadian Securities Administrators.

The new report was published for a 60-day comment period, which expired on October 13, 2015. We received 19 written submissions, which the CSA took into consideration in finalizing the new report.

Provided all necessary approvals are obtained, the new report will come into force on June 30, 2016 in all CSA jurisdictions including Ontario.

We have also published a revised version of CSA Staff Notice 45-308 (Revised) Guidance for Preparing and Filing Reports of Exempt Distribution, to provide additional guidance on completing and filing the new report.

For more information, please see the following:
 

• CSA Notice of Amendments to National Instrument 45-106 Prospectus Exemptions relating to Reports of Exempt Distribution - http://www.osc.gov.on.ca/documents/en/Securities-Category4/csa_20160407_45-106_amd_prospectus-exemptions.pdf
• CSA Staff Notice 45-308 (Revised) Guidance for Preparing and Filing Reports of Exempt Distribution - http://www.osc.gov.on.ca/documents/en/Securities-Category4/csa_20160407_45-308_revised-guide-exempt-distribution.pdf

If you have any questions, please contact us by calling 1-877-785-1555 or 416-593-8314 or e-mailing [email protected].