Two notices intended to help the industry and investors understand the most recent developments
Five provincial regulators are aiming to help facilitate the raising of capital and to make it easier for investors to participate in private placements
Under the new exemption, any investor can participate in these private offerings, subject to receiving upfront disclosure from the issuer
The CSA has a project underway to create a single, integrated electronic filing system for exempt-market filings
Industry groups balk as regulators propose to step up their oversight on transactions in this unregulated arena
Advisors interested in the exempt-market space should educate themselves properly and pursue the appropriate licenses and qualifications, experts say
Several other provinces will revise their OM exemption with a focus on strengthening investor protector
The proposed exemption is designed to co-ordinate with crowdfunding blanket orders adopted by other provinces
Summaries of exempt distribution information will be posted on the commission’s website
The amendments aim to address concerns that issuers rarely use the prospectus-exempt rights offering to raise capital because of the time and cost involved