As part of a broader reform of the lightly regulated exempt segment of Canada’s capital markets, securities regulators moved Thursday to revise the use of financial thresholds that are required to buy securities sold without a prospectus.
Among the biggest changes is a proposal to remove the use by individuals of an exemption that allows them to invest in deals that would otherwise be out of reach if they can find enough money to fund a minimum size of investment.
In Ontario, the minimum amount exemption kicks in at $150,000.
Barbara Shecter – Financial Post – Feb 27.
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