New prospectus form adopted for scholarship plans

January 11, 2013

The Canadian Securities Administrators yesterday announced its final amendments to NI 41-101 General Prospectus Requirements, the companion policy and related forms to enhance the prospectus disclosure provided by scholarship plans. Specifically, the amendments introduce a new prospectus form that is tailored to the unique features and complexities of such plans and that will require that key information be provided to investors in a simple and accessible format.

The CSA first published its proposals in March 2010 and released a revised set of amendments in November 2011. Subject to Ministerial approval, the final amendments will come into force on May 31, 2013.

DISCLAIMER: This publication is intended to convey general information about legal issues and developments as of the indicated date. It does not constitute legal advice and must not be treated or relied on as such. Please read our full disclaimer at www.stikeman.com/legal-notice.