Securities Law & Instruments

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EXEMPT MARKET REVIEW

Consultation Sessions on OSC Staff Consultation Paper 45-710

Staff of the Ontario Securities Commission (OSC) invite you to attend a consultation session in connection with the OSC’s exempt market review, described in OSC Staff Consultation Paper 45-710 Considerations for New Capital Raising Prospectus Exemptions.

Choice of Sessions  
Dates:   Wednesday, January 30, 2013 (9:00 am to 11:00 am)
Thursday, February 7, 2013 (9:00 am to 11:00 am)
Friday, February 8, 2013 (9:00 am to 11:00 am)
 

Location: January 30 and February 7, 2013
10 Adelaide Street East, Toronto, Ontario
Birkbeck Room, 2nd Floor
February 8, 2013
250 Yonge Street, Toronto, Ontario
Seminar Room, 35th Floor

Cost: No charge

RSVP: Email: exemptmarketconsultations@osc.gov.on.ca
Deadline: Tuesday, January 22, 2013

OBJECTIVE OF CONSULTATION SESSIONS

On December 14, 2012, we published OSC Staff Consultation Paper 45-710 Considerations for New Capital Raising Prospectus Exemptions. The Consultation Paper sets out four concept ideas for new prospectus exemptions in Ontario, together with a number of specific consultation questions. The concept ideas are: 

  • a concept for an exemption to allow crowdfunding subject to limits for issuers and retail investors,
  • a concept for an offering memorandum exemption,
  • a concept for an exemption based on an investor’s investment knowledge, and
  • a concept for an exemption based on an investor receiving advice from a registrant.

The purpose of the Consultation Paper and related consultation sessions is to obtain input from interested stakeholders onthese concept ideas. The consultation sessions will have a particular focus on crowdfunding. 

For further information, please refer to the Consultation Paper which is available on the OSC website at http://www.osc.gov.on.ca/documents/en/Securities-Category4/sn_20121214_45-710_exempt-market-review.pdf. 

Written comments may also be provided until February 12, 2013. 

WHO SHOULD ATTEND
  • Retail and institutional investors
  • Management of issuers, particularly smaller issuers at an early stage of development
  • Investment dealers, advisors to investors and other registrants
  • Internal and external legal counsel, auditors and other professional advisors to issuers