Canadian Securities Regulators seek comment on proposed amendments to report of exempt distribution


Toronto – 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.

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For more information:

Nom de l'Autorité canadienne en valeurs moblière Personne ressource Numéro de téléphone
Commission des valeurs mobilières de l'Ontario Kristen Rose 416 593-2336
Autorité des marchés financiers  Sylvain Théberge 514 940-2176
Alberta Securities Commission  Nicole Tuncay 403 297-4008
British Columbia Securities Commission Alison Walker  604 899-6713
Bureau des valeurs mobilières du Nunavut Jeff Mason 867 975-6591
Bureau du surintendant des valeurs mobilières du Yukon Rhonda Horte 867 667-5466
Bureau du surintendant des valeurs mobilières, Territoires du Nord-Ouest Tom Hall 867 767-9305
Commission des services financiers et des services aux consommateurs (Nouveau-Brunswick) Andrew Nicholson 506 658-3021
Commission des valeurs mobilières du Manitoba Jason (Jay) Booth 204 945-1660
Financial and Consumer Affairs Authority of Saskatchewan Shannon McMillan 306 798-4160
Nova Scotia Securities Commission David Harrison 902 424-8586
Office of the Superintendent of Securities, Île-du-Prince-Édouard  Janice Callbeck  902 368-6288
Office of the Superintendent of Securities, Terre-Neuve-et-Labrador John O'Brien 709 729-4909