BLOG

OSC Releases Proposed Exemptions for Foreign Distributions (IIAC Blog)

July 13, 2016 by
Ian Russell
Ian Russell

From the President

The Ontario Securities Commission (OSC) seeks comment on a proposed new rule that would provide issuers with more certainty when they sell securities to investors outside Canada.

If the rule is adopted, issuers will be able to rely on four new exemptions that would eliminate the need for a Canadian prospectus for certain types of distributions outside Canada.

The proposed new rule also provides an exemption from the dealer and underwriter registration requirements for foreign distributions, in certain circumstances. This exemption will make it easier for an issuer to engage the services of a foreign dealer to conduct offerings in other designated jurisdictions.

The IIAC is forming a working group to comment on the proposed rule, as it will have implications for capital raising activity outside of the country. If you are interested in participating on the working group, please contact Susan Copland.

Reset Forgotten Password

NOTE: Your username is your email address UNLESS you have changed it.

.

By providing us with your information, you agree that this information will be processed in accordance with the IIAC’s Privacy Policy, which can be found here.