"27 Goodmans partners among the leading Canadian lawyers." - Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
Goodmans Publications

Offering Memorandum Exemption Finalized for Ontario

November-3-2015

Lawyer Matthew Prager
Area Corporate Finance and Securities

Summary

Development of the private placement exemptions continues, as the Canadian Securities Administrators (CSA) have finalized amendments to National Instrument 45-106 Prospectus Exemptions (the “Amendments”) relating to the offering memorandum exemption (the “OM Exemption”).  The Amendments had initially been proposed in March of 2014 (see our April 1, 2014 Update, Four New Private Placement Exemptions Proposed), and introduce the OM Exemption into Ontario for the first time for issuers other than investment funds.

Download PDF