The Alberta Securities Commission and other provincial regulators are proposing amendments to the rules regarding capital raising exemptions.

The ASC, together with the securities regulatory authorities in B.C., Saskatchewan, Manitoba, Nova Scotia, Newfoundland and Labrador, PEI, Northwest Territories and Nunavut published today, a proposed new version of the rule for a 60 day public comment period.

If adopted, the capital raising exemptions will be harmonized in most Canadian jurisdictions. New Brunswick and the Yukon do not currently have rule-making authority but have advised that they anticipate considering exemptive relief applications.

Part of the proposed new instrument is a new report of exempt distribution which, if adopted, would allow a single form to be used for filing in all of the participating jurisdictions.