OSC consults on possible new prospectus exemptions to broaden access to the exempt market- Four “concept ideas” considered: crowdfunding, an offering memorandum exemption for Ontario, and two exemptions based on investor sophistication or advice
- Dealer or adviser registration considered for funding portals
The Ontario Securities Commission has released a broad consultation paper, OSC Staff Consultation Paper 45-710 Considerations for New Capital Raising Prospectus Exemptions, which explores four “concept ideas” relating to new prospectus exemptions in Canada. This includes the OSC’s preliminary thoughts about crowdfunding.
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