NOTICE OF MINISTERIAL APPROVAL OF AMENDMENTS TO
NATIONAL INSTRUMENT 45-106 PROSPECTUS EXEMPTIONS
June 9, 2016
On May 27, 2016, the Minister of Finance approved amendments made by the Ontario Securities Commission (OSC or Commission) to National Instrument 45-106 Prospectus Exemptions (the NI 45-106 Amendments) and amendments to other instruments that are consequential to the NI 45-106 Amendments (the Consequential Amendments).
The NI 45-106 Amendments introduce a new harmonized report of exempt distribution.
The NI 45-106 Amendments and the Consequential Amendments are referred to collectively as the Rule Amendments and include amendments to the following instruments:
• OSC Rule 11-501 Electronic Delivery of Documents to the Ontario Securities Commission
• OSC Rule 13-502 Fees, and
• OSC Rule 45-501 Ontario Prospectus and Registration Exemptions.
The Rule Amendments were made by the Commission on March 22, 2016. On March 22, 2016, the Commission also adopted changes to Companion Policy 45-106CP Prospectus Exemptions (the Policy Changes, and together with the Rule Amendments, the Amendments).
The Amendments were published on the OSC website at http://www.osc.gov.on.ca and in the OSC Bulletin in (2016), 39 OSCB 3286 on April 7, 2016.
The Amendments come into force in Ontario on June 30, 2016.
The text of the Amendments is set out in Chapter 5 of this Bulletin.