This is the second of our nutshell series on regulatory developments affecting crowdfunding and other online financing portals. Click here to read the first installment.
On May 14, 2015, the securities regulatory authorities of British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (the participating jurisdictions) announced that they were adopting substantially harmonized registration and prospectus exemptions (the start-up crowdfunding exemptions) to allow start-up and early-stage companies in these jurisdictions to raise up to $500,000 per calendar year through online funding portals.
Click the link to access our nutshell summarizing these developments. >> AUM Law In a Nutshell Crowdfunding Exemptions June 2015