For Immediate Release
Sept. 14, 2005
CSA Implements National Prospectus and Registration Exemption Rule
Calgary – The Canadian Securities Administrators (CSA) implemented a new rule today that will harmonize and consolidate prospectus and registration exemptions across Canada.
National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106) takes effect today and sets out most significant existing exemptions found in securities legislation across Canada. In addition to consolidating the various exemption regimes across Canada, NI 45-106 is more straight-forward and user-friendly.
A list of any remaining local exemptions to prospectus and registration requirements of securities laws can be found in CSA Staff Notice 45-304 Notice of Local Exemptions Related to National Instrument 45-106 Prospectus and Registration Exemptions which is available on the CSA website at www.csa-acvm.ca.
Canadian companies wanting to access the exempt market are encouraged to familiarize themselves with the new rule. NI 45-106 and all related materials can be found on websites of Canadian securities regulators.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
Media relations contacts:
Ontario Securities Commission Eric Pelletier 416-595-8913 1-877-785-1555 (toll free in Canada) www.osc.gov.on.ca |
Alberta Securities Commission Joni Delaurier 403-297-4481 www.albertasecurities.com |
Manitoba Securities Commission Ainsley Cunningham 204-945-4733 1-800-655-5244 (Manitoba only) www.msc.gov.mb.ca |
British Columbia Securities Commission Andrew Poon 604-899-6880 1-800-373-6393 (B.C. & Alberta only) www.bcsc.bc.ca |
Autorité des marchés financiers (AMF) Philippe Roy 514-940-2176 1-800-361-5072 (Québec only) www.lautorite.qc.ca |