Important 56 page Crowdfunding update prepared by Canadian Securities Administrators now available to CATA members
May 22, 2015

++ Action Item:  Interested parties, currently members of CATAAlliance can request a detailed 56 page Crowdfunding update prepared by Canadian Securities Administrators    (Multilateral CSA Notice 45-316 Registration and Prospectus Exemptions Start-up Crowdfunding) at this URL:


https://drive.google.com/a/cata.ca/file/d/0B__wzrAC_E12eVZaUU0xWGYzRVU/view?usp=sharing


Summary:


The securities regulatory authorities (the participating regulators or we) of British

Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (the participating jurisdictions) are adopting substantially harmonized registration and prospectus exemptions (together, the start-up crowdfunding exemptions) that allows start-up and early stage companies to raise capital in these jurisdictions, subject to certain conditions. The participating regulators have implemented, or expect to implement, the start-up crowdfunding exemptions by way of local blanket orders (the start-up crowdfunding exemption orders).


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