The Canadian Securities Administrators recently announced that they have adopted important changes to National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106) (to be renamed National Instrument 45-106 Prospectus Exemptions).

Subject to necessary ministerial approvals, the changes are expected to take effect May 5, 2015. The changes affect all fund managers, portfolio advisers and dealers, among others.

We invite you to view our video presentation, in which Erez Blumberger, our Chief Regulatory Counsel, and Kimberly Poster, our Chief Counsel, Investment Funds, answer some of the frequently asked questions about how the changes may affect your operations:

You may wish to also take a look at our February bulletin, which contains additional details about the changes.

Click the link to access the presentation summarizing these developments. >> AUM Law Presentation FAQs on NI 45-106 Prospectus and Registration Exemptions April 2015