In Canada, National Instrument 45-106 – Prospectus Exemptions (NI 45-106) exempts certain distributions of securities from the prospectus requirements. To rely on many of these exemptions, however, Part 6 of NI 45-106 requires issuers to report prospectus-exempt distributions to every securities regulator where a distribution of securities was made to a resident in that province. Generally, the deadline for issuers to file a completed Form 45-106F1 Report of Exempt Distribution (Form 45-106F1) is ten days after the date of distribution.
Click the link to access our alert summarizing these recent developments. >> Reminder – Investment Funds Have a January 30 Filing Deadline to Report Exempt Distributions