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Changes to Canadian Reporting Requirements for Private Placements in Canada to Become Effective June 30, 2016

June-29-2016

Lawyer Geoff Cowper-Smith, Michael Partridge, Chris Sunstrum
Area Corporate and Commercial, Corporate Finance and Securities

Summary

A new nationally harmonized form of exempt distribution report for issuers and underwriters who rely on certain prospectus exemptions to distribute securities in Canada on a private placement basis will come into force on June 30, 2016.  Amendments to National Instrument 45-106 Prospectus Exemptions (NI 45-106) (the “Amendments”), including the Amended Report 45-106F1 Report of Exempt Distribution (the “Amended Report”) have been made to implement the new reporting requirement.

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