The new rules that have opened the exempt market to retail investors also offer enhanced investor protection
Rule changes create opportunities, but they may not be available or suitable
Retail investors in Ontario now have access to securities that previously were available only to accredited investors
Two notices intended to help the industry and investors understand the most recent developments
Five provincial regulators are aiming to help facilitate the raising of capital and to make it easier for investors to participate in private placements
Under the new exemption, any investor can participate in these private offerings, subject to receiving upfront disclosure from the issuer
The CSA has a project underway to create a single, integrated electronic filing system for exempt-market filings
Industry groups balk as regulators propose to step up their oversight on transactions in this unregulated arena
Advisors interested in the exempt-market space should educate themselves properly and pursue the appropriate licenses and qualifications, experts say
Several other provinces will revise their OM exemption with a focus on strengthening investor protector