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USA - September 10 2012
On August 29, 2012, the U.S. Securities and Exchange Commission (SEC) issued for public comment a proposal to eliminate the prohibition against general solicitation and general advertising contained in Regulation D (Regulation D) under the U.S. Securities Act of 1933, as amended (1933 Act), for offerings relying on Rule 506 of Regulation D (Rule 506) provided that all purchasers of the securities are accredited investors.
Canada, USA - April 5 2012
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act, which makes significant changes to existing U.S. federal securities laws intended to make it easier for small and emerging companies to conduct public and private securities offerings in the United States.
Canada, USA - March 30 2012
The global financial crisis, the accompanying negative impact on capital raising for small and emerging companies, and recent international regulatory developments in this area have prompted securities regulators in Canada to review two of the important private placement exemptions in Canada, and have also prompted a significant reassessment of the private placement regime in the United States.
Canada, USA - August 4 2011
On July 27, 2011, the U.S. Securities and Exchange Commission (SEC) issued its final rule release (the Final Release) setting out the timing and other details for the elimination of Form F-9, which currently allows eligible Canadian issuers to register investment-grade debt and preferred securities for sale in the United States utilizing the U.S.-Canada Multi-jurisdictional Disclosure System (MJDS).
