Canada Reg Reforms May Cost Structure Issuers

29 Nov 2011

The Canadian Securities Administration is looking to change the definition of a sophisticated investor suitable for disclosure exemptions for privately placed securitized products.

The Canadian Securities Administration is looking to change the definition of a sophisticated investor suitable for disclosure exemptions for privately placed securitized products. But, the change will not have the intended effect if the CSA doesn’t eliminate redundancies in another proposal that requires issuers to provide information memorandums ...

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