Jun 27, 2024 | Regulatory Compliance
As you may recall reading in our earlier bulletin articles, amendments to National Instrument 45-106 Prospectus Exemptions (NI 45-106) that took effect on March 8, 2023 (the Amendments) require issuers that rely on the offering memorandum (OM) prospectus exemption in...
Feb 29, 2024 | Regulatory Compliance
One way to spend your time during February’s extra day is considering whether your offering memoranda continue to comply with regulatory requirements. As noted in our bulletin entitled Don’t Stay Away too Long – Revised Guidance Published for Issuers...
Jul 31, 2023 | Corporate Finance, Investment Funds, Regulatory Compliance
For collective investment vehicles with December 31 year ends, upcoming interim financial statement deadlines should be on your radar. In particular, issuers that rely on the offering memorandum (OM) prospectus exemption in Ontario are subject to new requirements...
Apr 28, 2023 | FAQs, Regulatory Compliance
Question: Can a “Term Sheet” be an Offering Memorandum? Answer: In some circumstances, yes. In Ontario, an offering memorandum (an OM) can be any document, or a collection of documents, that describes the “business and affairs” of an issuer that was prepared for the...
Mar 31, 2023 | Corporate Finance, Investment Funds, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
On March 8, 2023, staff of the Canadian Securities Administrators (other than Ontario), published revised Multilateral CSA Staff Notice 45-309 (the Notice), first published in 2012, which provides guidance for preparing and filing an offering memorandum (an OM) under...
Jan 31, 2023 | Investment Funds, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
On December 8, 2022, the Canadian Securities Administrators (CSA) published amendments (the Amendments) to National Instrument 45-106 Prospectus Exemptions relating to the offering memorandum (OM) prospectus exemption (the OM Exemption). The Amendments will impose...
Sep 30, 2020 | Corporate Finance, Investment Funds, Mortgage and Real Estate Investment Vehicles
On September 17, the Canadian Securities Administrators (CSA) published for comment proposed changes to the offering memorandum (OM) prospectus exemption (OM Exemption) in National Instrument 45-106 Prospectus Exemptions (NI 45-106) and related guidance in Companion...
