Ontario’s Proposed Prospectus Exemptions: Family, Friends and Business Associates Exemption

Ontario’s Proposed Prospectus Exemptions: Family, Friends and Business Associates Exemption

The Ontario Securities Commission’s (OSC) proposed family, friends and business associates exemption (the Ontario Exemption), if adopted, would allow small to medium-sized enterprises (SMEs) to raise capital in Ontario from a broader range of permitted individuals, while imposing concurrent parameters and obligations which promote investor protection and consistency of application.