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Canadian securities regulators adopt streamlined capital-raising option for Canadian-listed issuers.
The Canadian Securities Administrators (CSA) are introducing a new prospectus exemption available to reporting issuers that are listed on a Canadian stock exchange.
The new exemption relies on the issuer’s continuous disclosure record, as supplemented with a short offering document, and will allow, subject to certain limitations, these issuers to distribute freely-tradeable listed equity securities to the public.