On June 4, 2020, the Canadian Securities Administrators published final amendments to streamline at-the-market (ATM) distributions in Canada, and reduce the associated regulatory burden. ATM distributions will now be available to issuers without having to incur the time and cost of applying for exemptive relief to conduct such distributions.
The amendments are expected to become effective on August 31, 2020.
DISCLAIMER: This post is intended to convey general information about legal issues and developments as of the date above. It does not constitute legal advice and must not be treated or relied on as such.