The Canadian Securities Administrators (CSA) announced yesterday that they have adopted a number of important changes to National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106) to address investor protection concerns, facilitate capital raising and further harmonize these exemptions. Subject to necessary ministerial approvals, these changes are expected to take effect May 5, 2015.

Click the link to access our bulletin summarizing these developments. >> AUM Law Bulletin Changes to Exemptions in NI 45-106 February 2015