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Offering Memorandum Exemption Finalized for Ontario


Area Corporate Finance and Securities


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.

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