Christopher Charlesworth, CEO and Co-founder of HiveWire, Joins National Crowdfunding Association of Canada’s Advisory Board
March 24th, 2017
BCSC |BC Notice 2016/03 | May 6, 2016
Today, the British Columbia Securities Commission adopted BC Instrument 72-505 Exemption from prospectus requirement for crowdfunding distributions to purchasers outside British Columbia (BCI 72-505). This instrument provides an exemption from the prospectus requirement to allow issuers located in British Columbia to distribute securities to purchasers outside British Columbia using Multilateral Instrument 45-108 Crowdfunding (MI 45-108), which has been adopted in a number of Canadian jurisdictions.
The key conditions of BCI 72-505 are:
BCI 72-505 expires on May 5, 2017. BCI 72-505 is a temporary exemption while Commission staff consider ways to more easily facilitate multi-jurisdictional crowdfunding.
You may refer questions to:
British Columbia Securities Commission
(800) 373-6393 (toll-free across Canada)
May 6, 2016
Brenda M. Leong
Source: BCSC 72-505 May 6, 2016
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1300+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.