Definition of an Accredited Investor in Canada

Definition of an Accredited Investor in Canada

– *updated February 17, 2022 – In the Canada, who is an accredited investor is defined in Subsection 1.1 of National Instrument 45-106 Prospectus and Registration Exemptions (“NI 45-106”) The definition sets the standards for accredited...
Due Diligence: The Due Diligence Checklist

Due Diligence: The Due Diligence Checklist

– *updated February 17, 2022 – Issuers are often required to engage in a due diligence review by their audit firms, legal counsel, underwriters and other outside third parties in anticipation of: (1) preparing audited financial statements and annual...
Definition of Accredited Investor in United States

Definition of Accredited Investor in United States

– *updated February 15, 2022 – In the United States, Rule 501 of Regulation D: Rules Governing the Limited Offer and Sale of Securities Without Registration (“Regulation D”) under the Securities Act of 1933 (“Securities Act”) sets...
BC Securities Commission Order of Production

BC Securities Commission Order of Production

– *updated February 14, 2022 – The British Columbia, Alberta, Ontario and Saskatchewan Securities Commissions are all very proactive in their approach to overseeing the exempt private placement securities market involving their home jurisdictions. One way...
The Definition of Eligible Investor in Canada

The Definition of Eligible Investor in Canada

– *updated February 14, 2022 – The securities regulators in Alberta, Saskatchewan, Manitoba, Ontario, Québec, Northwest Territories, Nunavut, Yukon, Prince Edward Island, New Brunswick and Nova Scotia  require investors purchasing more than $10,000 in...
Canadian Resale Rules

Canadian Resale Rules

– *updated February 2, 2022 – Canadian provincial securities laws apply anytime a company issuing securities is located in Canada or the individual receiving or selling securities is located in Canada. If you purchased securities of a company in a private...