The definition of a “security” under the Securities Act of Ontario is very wide and includes derivatives and securitized products. The securities that will be permitted to be offered under the proposed Crowd Funding Equities exemption will be restricted to just 6 types of securities.
Under the OSC proposed new equity crowdfunding prospectus exemption, a key investor protection element is the requirement that issuers only make an offering through a “registered” “portal”.
Under the OSC proposed Crowdfunding rules, the only materials that may be offered to potential investors utilizing the Crowdfunding exemption are: the issuer’s offering document; a document described in the offering document (i.e. the issuer’s business plan or shareholders’ agreement and a term sheet or
How long can an offering stay open under the Ontario Securities Commission’s crowdfunding proposal? Firstly, ...
The Ontario Securities Commission's proposed new exemption for crowd funding is understandably complex for the average entrepreneur. Who is the new exemption aimed at?