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The national registration search contains the names of all individuals and firms who are registered to sell securities in Canada, with the exception of those registered solely with the Ontario Securities Commision (OSC).

ASC publishes updated companion policy for ASC Rule 45-517

Oct 03 2017

CALGARY – October 3, 2017 – The Alberta Securities Commission (ASC) today announced changes to Companion Policy 45-517 Prospectus Exemption for Start-up Businesses, effective immediately. The changes provide guidance for Alberta-based issuers seeking to raise funds from investors resident in either Alberta or British Columbia (B.C.) under ASC Rule 45-517 Prospectus Exemption for Start-up Businesses.

To facilitate small, local financings by Alberta-based start-up businesses, the ASC adopted ASC Rule 45-517 in the summer of 2016. In response to the recently announced amendments to B.C. Instrument 45-535 Start-up Crowdfunding Registration and Prospectus Exemptions, the ASC has updated its Companion Policy 45-517 to clarify how cross-border financings into B.C. are possible and outline how ASC Rule 45-517 and B.C. Instrument 45-535 work together.

“We designed our system to work with the regimes in other jurisdictions and we are pleased that British Columbia recently made amendments to facilitate cross-border financing opportunities,” said David Linder, Executive Director. “ASC Rule 45-517 is intended to provide start-up businesses with greater access to capital, while continuing to provide strong investor protection.”

A copy of the ASC Rule 45-517 Prospectus Exemption for Start-Up Businesses can be found on the ASC website at www.albertasecurities.com.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

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For further information please contact:

For Media Inquiries:
Hilary McMeekin
Communications Manager
403-592-8186
For Investor Inquiries:
ASC Public Inquiries
Toll Free 1-877-355-4488
inquiries@asc.ca