The Canadian Securities Administrators (CSA) recently revised CSA Staff Notice 45-308 – Guidance for Preparing and Filing Reports of Exempt Distribution under National Instrument 45-106 Prospectus Exemptions Revised to conform the staff notice to the amendments to National Instrument 45-106 Prospectus Exemptions which came into force on May 5, 2015.

CSA Staff Notice 45-308 provides issuers with guidance on, among other things, the form and content of reports of exempt distribution and reminds issuers of the correct forms that must be used and the required deadlines for filing such forms.