New – Reporting Requirements for Prospectus Exemptions

Further amendments were made to the Prospectus Exemptions on July 7th 2016. The Ontario Securities Commission has introduced a new harmonized report of exempt distribution. The amendment aims to reduce reporting requirements for foreign issuers conducting offerings into Canada and creates a new reporting form (Form 45 -106F1). Previously, all issuers and underwriters were required...

The Ontario Securities Commission (“OSC”) is adopting four new private placement exemptions: • a crowdfunding exemption; • an offering memorandum exemption; • a family, friends and business associates exemption; and • an exemption that allows a reporting issuer to issue securities to its existing security holders. Crowd Funding Exemption The emergence of crowdfunding as not...