As previously reported, the CSA announced amendments to the report of exempt distribution requirements and a new form and related requirements will come into force on June 30, 2016 (the Amendments).

As of June 30, 2016, the report of exempt distribution will require non-investment fund issuers to provide whether or not a purchaser is considered an insider of the issuer completing the form, and will also require disclosure of whether a purchaser is a registrant with a securities regulatory authority in Canada.

Please remember to update your KYC collection forms and subscription agreements to capture all of the information to ensure you are collecting information to support your report of exempt distributions.