Changes to Canadian Reporting Requirements for Private Placements in Canada to Become Effective June 30, 2016
|Lawyer||Michael Partridge, Chris Sunstrum|
|Area||Corporate and Commercial, Corporate Finance and Securities|
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.