The Alberta Securities Commission has published for comment proposed amendments to the ASC General Rules regarding statutory prospectus and registration exemptions.

The most significant amendments are the creation of a new $97,000 exemption, and a proposed new form for reporting exempt distributions.

The ASC says that it is particularly interested in obtaining comment on the continued need for the $97,000 exemption.

The rule changes are proposed in connection with proposed amendments to the securities rules which are enshrined in Alberta’s Bill 14 Securities Amendment Act 2003.