"Proposed National Instrument 51-103: CSA Proposes to Simplify Venture Issuer Regulation", Focus on Securities | Corporate Finance, September 2011
Date:
September 7 2011
In this issue of Focus on Securities | Corporate Finance, Bill Gilliland and Dan Shea discuss the Proposed National Instrument 51‐103.
On May 31, 2010, the Canadian Securities Administrators (the “CSA”) released a consultation paper detailing a proposal to overhaul the securities regulatory regime applicable to venture issuers (other than issuers that fall within the definition of “venture issuer” under securities legislation by virtue of issuing only debt or preferred shares). The proposal was intended to initiate a consultation with market participants with the goal of developing an approach to venture issuer regulation that better reflects the needs and expectations of venture issuer investors and makes regulatory compliance more manageable.
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