Dramatic Changes to Private Placement Rules in Ontario
|Area||Corporate Finance and Securities|
Ontario’s private placement rules will change significantly this fall. Final versions of the new rules governing private placements and hold periods have now been released and, provided the Minister of Finance does not object, will be implemented effective November 30, 2001. The new rules (which have been revised since the earlier draft proposals described in our Corporate Securities Update dated May 22, 2001) will dramatically change the regulatory framework for prospectus-exempt financings in Ontario.