ASC publishes repeal and replacement of ASC Rule 71-801

CALGARY, Nov. 23, 2017 /CNW/ - The Alberta Securities Commission (ASC) today published a notice of the repeal and replacement of ASC Rule 71-801 Implementing the Multijurisdictional Disclosure System under National Instrument 71-101.

The multijurisdictional disclosure system facilitates cross-border offerings and other transactions between Canada and the United States.

The substance of the revised rule, as it relates to the northbound multijurisdictional disclosure system (MJDS), is unchanged; it provides relief from various requirements of Alberta securities laws, but with updated references to current provisions of Alberta securities law.

In addition, the revised rule includes three new prospectus exemptions to better align the requirements of Alberta securities laws with the southbound multijurisdictional system.

A copy of the ASC Notice Repeal and Replacement of Alberta Securities Commission Rule 71-801 Implementing the Multijurisdictional Disclosure System can be found on the ASC website at albertasecurities.com.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

SOURCE Alberta Securities Commission