Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

Amendments to National Instrument

 

 

 

 

 

AMENDMENTS TO NATIONAL INSTRUMENT 31-103 REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS

 

 

 

 

 

 

1.             National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations is amended by this Instrument.

2.             Subsection 8.16(3) is amended by replacing paragraph (b) with the following:

(b)           the conditions of one of the following exemptions are satisfied:

(i)            except in Alberta and Ontario, section 2.14 or 2.15 of National Instrument 45-102 Resale of Securities,

(ii)           in Ontario, section 2.7 or 2.8 of Ontario Securities Commission Rule 72-503 Distributions Outside Canada,

(iii)           in Alberta, exemptions similar to the exemptions set out in subparagraph (i) as made by the securities regulatory authority in Alberta..

 

In Alberta, Alberta Securities Commission Blanket Order 45-519 Prospectus Exemptions for Resale Outside Canada provides similar exemptions to the exemptions in section 2.14 and 2.15 of National Instrument 45-102 Resale of Securities.

 

3.             This Instrument comes into force on June 12, 2018.