The Canadian Securities Administrators implemented a new rule today that will harmonize and consolidate prospectus and registration exemptions across Canada.
National Instrument 45-106 Prospectus and Registration Exemptions takes effect Sept. 14 and sets out most significant existing exemptions found in securities legislation across Canada, the CSA said in a release. In addition to consolidating the various exemption regimes across Canada, NI 45-106 is more straight-forward and user-friendly.
A list of any remaining local exemptions to prospectus and registration requirements of securities laws can be found in CSA Staff Notice 45-304 Notice of Local Exemptions Related to National Instrument 45-106 Prospectus and Registration Exemptions, which is available on the CSA website at www.csa-acvm.ca, the CSA said.
CSA implements national prospectus and registration exemption rule
Long-awaited NI 45-106 to harmonize rules across Canada
- By: IE Staff
- September 14, 2005 September 14, 2005
- 11:11
IE Staff