Canadian Securities Regulators Seek Comment on Proposed Amendments to Report of Exempt Distribution

TORONTO, June 8, 2017 /CNW Telbec/ - The Canadian Securities Administrators (CSA) today published for comment proposed amendments to National Instrument 45-106 Prospectus Exemptions that would amend the report of exempt distribution set out in Form 45-106F1 Report of Exempt Distribution (Report). 

"The proposed amendments provide greater clarity and flexibility on certain requirements of the Report while still providing regulators with the information necessary for oversight and policy development," said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers.

The proposed amendments are intended to address concerns raised by stakeholders about the certification and certain information requirements in the Report. The proposed amendments follow others steps taken by CSA staff in summer and fall 2016 to address these concerns, including providing relief from certain information requirements and issuing revised guidance on preparing and filing the Report.

The British Columbia Securities Commission did not publish the proposed instrument for comment, although staff anticipates doing so in the near future, after obtaining necessary approval.

The proposed amendments can be found on participating CSA members' websites. Comments should be submitted in writing by September 6, 2017.

The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

 

For more information:




Kristen Rose

Nicole Tuncay

Ontario Securities Commission

Alberta Securities Commission

416-593-2336

403-297-4008



Alison Walker 

Sylvain Théberge

British Columbia Securities Commission

Autorité des marchés financiers

604-899-6713

514-940-2176



Jason (Jay) Booth

Andrew Nicholson

Manitoba Securities Commission

Financial and Consumer Services

204-945-1660

Commission, New Brunswick


506-658-3021



David Harrison

Janice Callbeck

Nova Scotia Securities Commission

Office of the Superintendent of Securities

902-424-8586

P.E.I.


902-368-6288



John O'Brien

Rhonda Horte

Office of the Superintendent of Securities

Office of the Yukon Superintendent of

Newfoundland and Labrador

Securities

709-729-4909

867-667-5466



Jeff Mason

Tom Hall

Nunavut Securities Office

Office of the Superintendent of Securities

867-975-6591

Northwest Territories


867-767-9305

Shannon McMillan


Financial and Consumer Affairs


Authority of Saskatchewan


306-798-4160


 

SOURCE Autorité des marchés financiers

For further information: Kristen Rose, Ontario Securities Commission, 416-593-2336; Nicole Tuncay, Alberta Securities Commission, 403-297-4008; Alison Walker, British Columbia Securities Commission, 604-899-6713; Sylvain Théberge, Autorité des marchés financiers, 514-940-2176; Jason (Jay) Booth, Manitoba Securities Commission, 204-945-1660; Andrew Nicholson, Financial and Consumer Services Commission, New Brunswick, 506-658-3021; David Harrison, Nova Scotia Securities Commission, 902-424-8586; Janice Callbeck, Office of the Superintendent of Securities, P.E.I., 902-368-6288; John O'Brien, Office of the Superintendent of Securities, Newfoundland and Labrador, 709-729-4909; Rhonda Horte, Office of the Yukon Superintendent of Securities, 867-667-5466; Jeff Mason, Nunavut Securities Office, 867-975-6591; Tom Hall, Office of the Superintendent of Securities, Northwest Territories, 867-767-9305; Shannon McMillan, Financial and Consumer Affairs, Authority of Saskatchewan, 306-798-4160

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