Thursday April 19 2018
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Canada
Link: http://www.osc.gov.on.ca/en/SecuritiesLaw_rule_20180322_72-503_rule-distributions-outside-canada.htm
On 31th March, 2018, a new “distributions out” regime adopted by the Ontario Securities Commission (the OSC) came into force – changing the rules for Ontario-based issuers and security holders with respect to distributions of securities outside of Canada. The OSC has withdrawn “Interpretation Note 1 Distribution of Securities Outside Ontario” (the Interpretation Note), and has replaced it with OSC Rule 72-503 – Distributions Outside Canada (OSC Rule 72-503).
The new regime provides Ontario issuers and security holders with greater clarity on the application of Ontario securities laws, as well as access to a number of new prospectus exemptions for distributions of securities outside Canada.
Please click on the above link for more information.