CANADIAN SECURITIES EXCHANGE
SUMMARY OF COMMENTS AND NOTICE OF APPROVAL
POLICY 6 DISTRIBUTIONS
In accordance with the Process for the Review and Approval of Rules and the Information Contained in Form 21-101F1 and the Exhibits Thereto, CNSX Markets Inc. (“CSE”) has adopted, and the Ontario Securities Commission has approved, public interest rule amendments to Policy 6 – Distributions (“Policy 6”).
Policy 6 Distributions will be amended by adding, in the General section, additional language to s. 1.4 to require a 4 month hold period on all shares issued pursuant to the s. 2.24 exemption available in National Instrument 45-106 Prospectus Exemptions regardless of whether the seasoning period applied. Resale restrictions must also be disclosed in a news release describing the share issuance.
The amendments were published for comment on November 29, 2018, and one comment letter was received. A summary of the comments and CSE’s response, as well as a copy of the CSE Notice, can be found at www.osc.gov.on.ca.
The full text of the amendments is available at http://thecse.com.