Securities Law & Instruments

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NOTICE OF MINISTERIAL APPROVAL OF
AMENDMENT TO NATIONAL INSTRUMENT 45-106 PROSPECTUS EXEMPTIONS



July 21, 2016

On July 14, 2016, the Minister of Finance approved an amendment made by the Ontario Securities Commission (OSC or Commission) to National Instrument 45-106 Prospectus Exemptions (the Amendment) for Ontario purposes only.

The Amendment amends Form 45-106F1 Report of Exempt Distribution to provide an exemption for certain foreign issuers from the requirement to identify whether a purchaser is a registrant or an insider of the issuer. As noted in CSA Staff Notice 45-320 Exemptions for Certain Foreign Issuers from the Requirement to Identify Purchasers as Registrants or Insiders in Reports of Exempt Distribution, the securities regulatory authorities in other CSA jurisdictions have issued blanket orders to address the subject matter of the Amendment. Refer to CSA Staff Notice 45-320 for further information.

The Amendment was made by the Commission on June 22, 2016.

The Amendment was published on the OSC website at http://www.osc.gov.on.ca and in the OSC Bulletin in (2016), 39 OSCB 6199 on July 7, 2016.

The Amendment comes into force in Ontario on July 29, 2016.

The text of the Amendment is set out in Chapter 5 of this Bulletin.