• OSC Provides Update on its Exempt Market Review
  • February 3, 2014 | Authors: Alexis Bowie; Anita Kim; Jamie Litchen; Joel McElravy
  • Law Firm: Cassels Brock & Blackwell LLP - Toronto Office
  • The OSC announced that the following new capital raising prospectus exemptions will be published for comment in the first quarter of 2014:

    • offering memorandum exemption;

    • family, friends and business associates exemption;

    • existing security holder exemption and

    • crowdfunding exemption, together with a registration framework for online funding portals.

    The objective of these exemptions is to facilitate capital raising for start-ups and small and medium-sized enterprises and to modernize Ontario’s exempt market regulatory regime.