OSC | Securities Law & Instruments - Instruments, Rules & Policies

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

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. 

• 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