OSC Introduces Offering Memorandum Prospectus Exemption
In March 2014, certain members of the Canadian Securities Administrators proposed amendments to National Instrument 45-106 Prospectus Exemptions (NI 45-106) with the aim of allowing business enterprises, with a focus on small and medium size enterprises, to benefit from greater access to capital from investors. On October 29, 2015, the securities authorities in Alberta, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan (Participating Jurisdictions) announced final amendments to NI 45-106 (Final Amendments) which will introduce…