As we discussed in our July 2018 bulletin, the Canadian Securities Administrators (CSA) have finalized changes to Form 45-106F1 Report of Exempt Distributions (Form 45-106F1), and those changes will come into effect on October 5. The changes are intended primarily to address concerns that institutional investors are excluded from offerings by foreign dealers because of the headache-inducing nature of the information and certification requirements in Form 45-106F1.