Five Canadian provinces finalize approach to crowdfunding
Securities regulators in five Canadian provinces have finalized a multilateral regime facilitating crowdfunding in their jurisdictions. The new framework will introduce a crowdfunding prospectus exemption for issuers, as well as a registration framework for funding portals, in Manitoba, Ontario, Québec, New Brunswick and Nova Scotia. It will complement framework initiatives announced by six provinces earlier this year. Subject to governmental approvals, rules for crowdfunding in the five participating jurisdictions will come into effect on January 25, 2016.
6 November 2015•2 mins read
