Header graphic for print
Canadian Securities Regulatory Monitor News and Insight

Tag Archives: Existing Holders Exemption

The State of Private Placements in Canada: OSC Publishes Update on Exempt Financings Market

Posted in Capital Markets, Exempt Market Dealers, OSC, SEC

The Ontario Securities Commission recently published a report summarizing capital raising activity by issuers in Ontario’s exempt market. Findings from the report include:

  • increased activity in 2016
  • significant participation from foreign issuers, including the U.S.
  • no reported use of Ontario’s new crowdfunding rule

In June 2017, the Ontario Securities Commission (the “OSC”) published OSC Staff Notice 45-715 2017 Ontario Exempt Market Report (the “Report”), which summarizes capital raising activity in Ontario’s exempt market (i.e. financings made other than by way of a prospectus).

The Report is a useful resource for businesses looking to raise capital from Canadian investors, including businesses … Continue Reading

Ontario Proposes Four New Capital Raising Prospectus Exemptions

Posted in OSC

The following article by Robert O. Hansen, Genevieve Pinto, Heidi Gordon, David Badour and Nathan Montgomery may be of interest to readers of this blog: Ontario Proposes Four New Capital Raising Prospectus Exemptions

On March 20, 2014, the Ontario Securities Commission (OSC) published for comment proposed rules for four new exemptions to the prospectus requirement:

  1. an offering memorandum prospectus exemption (OM Exemption)
  2. a family, friends and business associates prospectus exemption (FFBA Exemption)
  3. an existing security holders prospectus exemption (Existing Holders Exemption)
  4. a crowdfunding prospectus exemption (Crowdfunding Exemption)

The proposed exemptions are intended to facilitate the ability of … Continue Reading