• Major Changes to Canadian Capital Raising Exemptions
  • July 10, 2015 | Authors: Mathew Goldstein; Matthew V. Liberatore
  • Law Firm: Aird & Berlis LLP - Toronto Office
  • The Canadian Securities Administrators (“CSA”) have reacted to the fundamental changes in the Canadian capital markets, which are similar to the changes that have been occurring within many developed capital markets internationally. The key change is a shift in capital formation from initial public offerings and additional issues to the remarkably large increase in funds raised through the prospectus exempt market.