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Equity Crowdfunding Exemption Finalized


Area Corporate Finance and Securities


The Ontario Securities Commission (OSC) and other participating jurisdictions have published Multilateral Instrument 45-108 Crowdfunding, which includes a prospectus exemption for equity crowdfunding and a registration framework for funding portals, in final form (the “45-108 Crowdfunding Regime”).  Subject to ministerial approvals, the 45-108 Crowdfunding Regime will come into force in Ontario on January 25, 2016.

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