Friday August 29 2025
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Canada
On 28th August 2025, the Canadian Securities Administrators (CSA) published a Notice of Amendments related to adopting an expedited shelf prospectus regime for well-known seasoned issuers (WKSIs) in Canada, further enhancing the competitiveness of Canadian markets.
The amendments allow eligible issuers to:
- File a final base shelf prospectus and be deemed to have received a receipt for that prospectus without first filing a preliminary base shelf prospectus or undergoing any regulatory review.
- Omit certain disclosure from the base shelf prospectus (for example, the aggregate dollar amount of securities that may be raised under the prospectus).
- Benefit from receipt effectiveness for a period of 37 months from the date of its deemed issuance, subject to the issuer reassessing its eligibility annually.
The amendments to National Instrument 44-102 Shelf Distributions will become effective in all CSA jurisdictions on November 28, 2025.
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